COMMODITIES
Oil
OIL DUMP CAPTURED: Our previous oil update (Aug 5th/2019) can be seen on the left, with the current market on the right. At that time, the market was sitting on a significant Fib ratio, inside an obvious wedge or triangle pattern. There were only a few targets give at this level (time frame): one if the market broke up and out of the wedge pattern; one if the market dumped back to the wedge patterns support, and another if it moved sideways. The “dump” option occurred, dropping in to a target given 8 months ago.
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Previous Analysis
MACRO
THE NARRATIVE NOW CONTROLS “WE THE PEOPLE”
Gordon T Long Global Macro Research | Macro-Technical Analysis THESIS 2013 STATISM THE NARRATIVE NOW CONTROLS “WE THE PEOPLE” OUR ELECTED REPRESENTATIVES HAD LESS THAN 4 HOURS TO APPROVE A $1 TRILLION STIMULUS BILL – WHY?? What kind of perverse and irresponsible action is it when our elected representatives are given less than 4 […]