has been very bullish
as of lately; the September delivery contract is up by almost 100% from its YTD low. The hidden bullish divergence
implies a significant amount of pullback continuation players in the market. Trying to follow the momentum by buying dips and being alert for signs of bearish
reversal is the prudent approach. The risk of a fast bear action that sheds at least 1/8th of the value is ever more present the further upside oil
sees from here.