The Feb '07 Crude Oil weekly chart is a favorite for technicians. Classically called a "head & shoulders " this chart is displaying all the signs of continued breakdown on the lower right side "shoulder."
Seth F. Wolff A ten year institutional market strategist formerly with IdeaGlobal & Charles Schwab (Cybertrader Corp) advising institutional clients in the equity,commodity and fixed income area, with prior roles in institutional research sales in North America. Seth has also appeared in media coverage including Dow Jones and Bloomberg. A graduate of the University of Arizona with a B.S. in Finance and continuing studies at NYU Graduate Business School, Seth has also been a member of the Market Technicians Association (MTA) since 1990.