The last three sessions saw a reversal of the downward trend that began in March; note how yesterday saw Oil break above its downtrend.
This key inflection is telling us buyers outweigh sellers when buyers would normally diminish. A move above $50 in the next few sessions highly probable.
Aug & September is seasonally strong for Energy.
This key inflection is telling us buyers outweigh sellers when buyers would normally diminish. A move above $50 in the next few sessions highly probable.
Aug & September is seasonally strong for Energy.
Trade closed: target reached:
Reached 2017 high.
