Oil futures have an inverted H&S or cup and handle formation, if oil breaks out we'll see rebound inflation next month.
Something to watch out for. Resistance is at $80. Might cycle back down if there's a truce in Gaza next week, but I think Biden is full of crap, lol.
Something to watch out for. Resistance is at $80. Might cycle back down if there's a truce in Gaza next week, but I think Biden is full of crap, lol.
Comment:
BTW, I'm not trading this, oil is hard to predict on a day to day basis because it's so news sensitive. Inflation numbers tomorrow.