Fundamentals, OPEC maintaining volume capacity, coupled with technical analysis suggest that the recent rally in Oil is running out of energy. I expect a reversion to the lows expecting a retest of the recent lows throiugh the summer. Risk to reward ratio looks favourable
Agreed! Looks like an inverse fulcrum is forming, prices hitting the earlier trendline resistance is also suggesting it. As well, Iike your chart, very clean! Hover over text, I must learn this!
Thanks and good trading!
smitheric1970
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stanvax
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Thanks and to you
glennjoy1
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A bigger one than the one just before very possible