Has OIL set up a symmetrical triangle?

Discussion in 'Technical Analysis' started by ryanturri, Jun 13, 2008.

  1. Looks it to me. Can anyone post a chart?
  2. Yeah, it has. I think its actually bullish. Wait till 5 dollar gas hits.

    Bozo the clown I mean Ben Bernake is a looks a retard.
  3. ess1096


    Looks like a pennant/flag on the daily &/or 60 minute chart.
    If it breaks out look for $150 target. IMO
  4. Thanks. Can either of you post charts? I'm not that sophisticated :confused:

    Also, are you trading this right now? I don't feel comfortable holding over the weekend for this right now...
  5. Yea, its a flag. Thats generally bullish and next week is options expiration
  6. ess1096


    If it breaks out I'll make an attempt. But the volitility has been nuts. Right now the easy money is in the grains.
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