Would you be upset if this “Head & Shoulders” comes true?

Posted by Chris Kimble on 06/27/2011 at 12:44 pm; This entry is filed under Gasoline.

The "Power of the Pattern" has been suggesting for a while now that lower Crude Oil prices were in store...(see post here)

The Pattern below could be suggesting lower prices are ahead for prices at the pump....Anyone be upset if this pattern read is correct?

CLICK ON CHART TO ENLARGE

With Gasoline futures breaking support and this potential bearish H&S pattern at hand....price at the pump could still drift a good deal lower!

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2 Comments

  1. Andrew June 27th, 2011 at 1:17 pm

    And all the CNBC articles kept saying “No way Gasoline below $3 a gallon.” PSHHH!

  2. Bob June 29th, 2011 at 8:44 am

    Obama can’t afford to let free Americans travel long distances.
    The one week drop in gasoline will only another of this clowns
    jokes.