McClellan and ElliotWaveTrader- oil markets will roll over in 24

[Tucker]

I have only the most basic understanding of technical analysis, but I get both of the newsletters above to at least see what they are saying about various markets. The fundamentals sure seem to be aligned in favor of a strong oil market in 24. Does anyone have an understanding of how to assess this strong divergence? Thanks.

[dan_s]

Fear of Recession and a strong U.S. dollar are keeping pressure on oil prices. Only a MAJOR GLOBAL RECESSION will lower oil demand growth.

[mikelp]

the TA is helpful for sure

but given the volatility with the mid-east powder keg,
(nobody knows when the next shoe will drop)

I would not want to be short crude oil over the weekend !