Crude Triangle
Tim Knight | Sep 15, 2015 03:00PM ET
Well, all the hoo-ha about Shemitah and the big collapse we’d see was a wash. Dennis Gartman has FAR more power over the markets than the Hebrew Calendar and his repeated calls on Monday to short equities and go long bonds have led each of them to roar up and down, respectively.
One chart I’m watching with interest is crude oil, which, like most things, went zooming higher Tuesday, though it seems to have lost its mojo. Since a lot of my shorts tend to be commodity-focused, this is a chart I keep up at all times.
If this triangle can just make a clean break, we’re in the clear.
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