The macd has hit short territory of .78 and is starting to cross over.Rig count and inventories are still bearish.Plus possilbe rate hike in september.I see this big push is a bull trap to come out like last year.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.