A Bearish Alternative to My Last Bullish Idea about Oil

Instead of advancing to $53, a fake breakout here is also possible but a little less likely (30% chance vs the 70% chance for the bull case from the last chart).

Which direction? Nobody knows but Mr. Market will definitely give us an answer within a week.

Below is the bull case:

Kommentera:

While this fake break out idea is still possible, my latest prediction looks the best so far.