In my opinion, oil has has been climbing higher on some weak fundamentals, not so bullish EIA & API data, and mostly due to hurricanes & the conflict in norther Iraq...
Here are my trend lines. Treat the stop as a pivot for a move in either direction.
T1 = Target 1
T2 = Target 2
Full disclosure, I am short-term bullish, medium-term bearish, long-term not sure, long-term bearish (mostly dependent on if we get final dollar rally) If inflation shows up... and if it really does... all bets are off and I'd mostly be bullish.
**Not a pro trader, do your own work**
Here are my trend lines. Treat the stop as a pivot for a move in either direction.
T1 = Target 1
T2 = Target 2
Full disclosure, I am short-term bullish, medium-term bearish, long-term not sure, long-term bearish (mostly dependent on if we get final dollar rally) If inflation shows up... and if it really does... all bets are off and I'd mostly be bullish.
**Not a pro trader, do your own work**