08/03/16 08:26 AM EDT

What's Next For Oil (As The Chart Chasing Pros Freak Out)

Keith McCullough

Takeaway: Oil & Energy assets are a big part of the asset inflation the Fed needed off the lows. My risk ranges signal lower-highs and lower-lows.

Every time I refresh my immediate-term risk range model (price/volume/volatility) I get a lower-high and a lower-low; currently that risk range for WTI = $38.71-42.24 with bearish TREND overhead at $47.55; how does this problem go away?

Editor's Note: The snippet above is from a note Hedgeye CEO Keith McCullough wrote for subscribers this morning. Click here to learn more.

What's Next For Oil (As The Chart Chasing Pros Freak Out)

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