Friday Night Charts…Oil

Oil has been in the process of breaking out and backtest the neckline of a 5 year H&S top. Today marked the lowest price since the breakout.

OIL SHORT

The long term monthly chart for oil shows some nice Chartology.

OIL LONG

There was an important breakout this week in the GASO¬† chart we’ve been following for years. I’ll let you decide what the implications are for this sector¬† going forward. Have a great weekend…Rambus

GASO