Recent waves show us Oil will likely follow it's direction for 48 hours. With the last heavy bear candle on the 4h I feel as though Oil will likely clear 59 by this evening and settle in the low 58's. A clean break below 58 and I will readjust stops to break-even and watch 57.
Head and shoulders forming. Expecting right shoulder to take us into 57 and below. FA regarding current supply is not helping build price.
Head and shoulders forming. Expecting right shoulder to take us into 57 and below. FA regarding current supply is not helping build price.