Description
⋅ Mostly range bound in the next few weeks. And finally, oil needs to retest the $47 area.
Here is a bigger view from my previous post:
Comment
⋅ Chances are (I say 70-80%) Oil will go up from here to $53, with little to no corrections.
Comment
⋅ Correction:
Chances are (I say 70-80%) Oil will go up from here to $51, with little to no corrections.
And then after a decent correction, go up to $53 or even more, possibly to $60.
Comment
⋅ The shape is there but the level is off too much...