Short Oil to $75?

Jan 19, 2022In order for the uptrend to remain intact, price would need to hold above the $83 level as support. However, because the moving averages on the ichimoku are really spread apart, it tells me price needs to snap back to equilibrium before a continuation of the uptrend.

I think it's likely that price move back to the $75 range before a continuation of an upside move.

Jan 27, 2022

Comment

It might take until the Feb 7th pivot to turn down. I'm accumulating puts up at these levels.