The last hourly candle is one of the biggest bull moves for the last several days and coming off the 200 day DMA this is highly significant of at least a daily reversal rather than a retracement from yesterday. .Weve also beaten yeserday's high. Shown is the average hourly range showing clearly these large moves UC
does every day and that the recent move is likely to show today as "bullish". I also think this is the start of the continuation of the great oil
sell off - but either way UC
traders are now ignoring oil
so they at least expect it to reverse from here or near here.