NYMEX:CL1!   Light Crude Oil Futures
3
After the crushing price defeat, oil has to find its new value relative to markets and price. Overhead to pump a barrel has changed dramatically, so... seeing oil fill the small consolidating triangle until the election day, when the smoke clears and we can see clearly again, and if we have "change" or status quo. The HS did not complete, but that has happened before, seeing strength here, but no pop to the high side, and if there is... no great news, IMO $60 barrell could be tops for years, and that could take some time getting there. RSI and MACD are about topped out now. Daily news creates day trades only until after the election when we can establish some certainty.
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