18 July, 2016 How low can it go?

It’s prediction time again! How low can you go?

Oh I say, this is quite fun, Mr. Livingston!

It appears that the price of oil has formed a channel and it is moving south. But how far? Ignoring the head in the reverse head-and-shoulders bottom we can attempt to guess it following the resistance. Will it bounce? Will it break through? Will it even hit it? Buy it and see!

Chalk it up, Mr. Livingston: Buy at $9.30