Crude Oil has been an RT Sell on every contact with the Upper Trend Line within
a large grind up from the 62s.
200+ BPS in the DX has provided further cover for the Energy Complex to extend beyond
the Inflation / Safety Trade.
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Build after build has had little to no impact upon Price.
Oil remains in a large trading range:
76.4% 114.76
61.8% 94.07
50% 77.35
38.2% 60.63
Price is now approaching the Top of the Resistance Range at the .618
as the 77's found support on the 2nd Test and Break.
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CL remains in overbought territory @ 77.56 Daily RSI
$ Flow continues to Chop, we will see if the push to our PO @ 94.
a large grind up from the 62s.
200+ BPS in the DX has provided further cover for the Energy Complex to extend beyond
the Inflation / Safety Trade.
___________________________________________________________________________
Build after build has had little to no impact upon Price.
Oil remains in a large trading range:
76.4% 114.76
61.8% 94.07
50% 77.35
38.2% 60.63
Price is now approaching the Top of the Resistance Range at the .618
as the 77's found support on the 2nd Test and Break.
____________________________________________________________________________
CL remains in overbought territory @ 77.56 Daily RSI
$ Flow continues to Chop, we will see if the push to our PO @ 94.