MVedra

Crude Oil Watch. Signalling A Break Higher

Long
NYMEX:CL1!   Light Crude Oil Futures
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.
Trade closed: target reached: Reached 2017 high.

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