Short Week Gives Investors Excuse to Book Profits after Huge Rally
Posted: Mon Mar 21, 2016 8:01 am
This week, we’re going to take a look at a few markets that are at extreme levels and ripe for retracements. We’re not necessarily looking for a change in the trend, but a normal, healthy retracement designed to alleviate their overbought conditions.
Last week, May Crude Oil futures surged to its highest level since December 9. However, the move ended with a potentially bearish closing price reversal chart on the daily chart, which suggests the selling may be greater ... (read more)