OIL, Down as expected.

Last week was not only rough for the stock market but also the OIL market.

Things are looking increasingly bearish in the short term and the charts point lower in the coming weeks

However a short term rally may be on the cards but not likely to last long as more weakness creeps into the technical setup.

In this video we talk about where OIL is heading in my opinion and also what the long term may still hold for it.