Crude OIl: Daily, Fibs & Indicators . . . Not as bullish as one would think. The move above the daily BB showed why you don't buy above the BBs . . . eventually, you get a correction. 3 days down for oil. The BB midpoint, yellow line, has been a support level for oil and will be interesting to see what happens down there. But, we are at a big resistance level based on the Oct - Dec 23 downdraft . . . so, we will be watching to see if we get support at 79.25 and then do we make a move back to highs at 83.22? That may be the trade in oil.
Comment:
Sell this oil rip up here at 82.20 and prosper. Target 79.59.
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