Crude Oil may be developing an ‘Inverted Head and Shoulder” pattern!
Crude Oil may be developing an ‘Inverted Head and Shoulder” pattern!
Ken Morrison from “Morrison on the Markets” sits down with Blake Morrow to discuss the commodities market, specifically what is happening in #crudeoil since the last time we spoke. He thinks that the Crude market may be developing a longer-term inverted head and shoulder pattern and things the $85 level or around there, should offer support for the market.
Ken also discusses the long-term base in #wheat and how the “hard Red Wheat” contract could breakout higher. Ken also discusses corn and how it is probing the breakout point but is unsure if it can breakout higher.
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