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

08/03/16 08:26AM EDT

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?

https://twitter.com/KeithMcCullough/status/760766899487662080

What's Next For Oil (As The Chart Chasing Pros Freak Out) - Oil cartoon 12.08.2015

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

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