Been holding this chart since 9th July. Bullish till $44/$45 and then we may see the continuation of the Elliot wave pattern (ABC) Why $44? Because that’s where the 50MA hangs on the weekly chart.
Or we could just continue to go up, whatever the case I will follow what the chart is telling me. Only looking for buying opportunities in this market since we are still clearly in a uptrend. I wouldn’t get bearish until we close below $41 on the daily chart. CrudeSignals.