As was expected Oil went exactly according to plan. Market reopening saw a nice jump on Friday and retracements went to the zone indicated before shooting for that 38 zones. NFP reports and other employment data led to a nice test of 39.7 which we now expect to retrace and come back down to 38.0 regions to grab some liquidity before moving up again. Can see an early retest of 39.7 or possible consolidation in the area due to the March dump off. If you have been following the market we can see that markets are in recovery mode from March and most markets are trying to get back to Pre-March Dump off.
NOTE: THIS IS NOT FINANCIAL ADVICE AND IS PURELY FOR ANALYTICAL PURPOSES AND PEER CRITIQUE
NOTE: THIS IS NOT FINANCIAL ADVICE AND IS PURELY FOR ANALYTICAL PURPOSES AND PEER CRITIQUE