economy
March 6, 2026
The charts are showing oil may have overextended higher, says Carter Worth
Carter Worth looks through the charts in oil after a wild week.
TL;DR
- A historic down gap in Oil markets has been filled.
- The only remaining unfilled gap is an up gap associated with the strike on Iran.
- This up gap is located at $67.83 bbl and is expected to be filled soon.
- The recommendation is to sell oil at current prices.
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