As you can see, price is consolidating the most since it's record breaking month from April's crash.
It is ranging between the two pink zones highlighted and also within the potential bullish pennant forming (note the fakeout with the bullish engulfing straight back into the range)
A break above $43 should see $43.50 tested, however it is difficult to say when to sell.
As my brother taught me, Oil is tricky and I will keep his win rate above 90%!
It is ranging between the two pink zones highlighted and also within the potential bullish pennant forming (note the fakeout with the bullish engulfing straight back into the range)
A break above $43 should see $43.50 tested, however it is difficult to say when to sell.
As my brother taught me, Oil is tricky and I will keep his win rate above 90%!