Keep an eye on 493.50 tis week as that was an important support. If it gives then I would image some love for buyers will be found around that demand volume shelf in the high 480s.
If no love is found there then the 470s demand zone will likely be the target for now.
NYSE:LMT retraced nicely to the breakout spot where we saw the trendline break and that 454 level break
Bouncing well today but would like to see some volume come in to help out this retest see a continuation back up towards the 464 resistance
$CL_F looks like - to me - there is another leg down in store that will bring it down to the mid to high 50s range
My gas tank and wallet would surely love this to pan out lol
Plus, we should see some action here this election cycle IMO
A pretty bearish setup on oil that has developed the past few months with the head and shoulders breaking down last week below 77.5 and nearly tested 74. I have a bearish target set at the 67-64 range from here... my gas tank would like that.