Above the yellow line, price is back in the upward channel, released from previously.
Trade active:
Waiting for move above yellow line and then looking for indication from price action that it can stay. I’m thinking moves upward until OPEC meeting on June 20-21, after which I have no assesment yet. I don’t see many cases for lower prices after the meeting. Cloudy the future is.
Comment:
Waiting to see if it fails to stay above or below primary yellow support line Tomorrow’s draw may give it a boost from speculators.