If the price action can get above 89.18, there is a decent probability of a continuation higher, as the oil markets have been grinding higher these last few weeks.
A failure to get to the top of the most recent bull flag could be at the start of a distribution phase under the $90 mark.
A stronger US dollar will put pressure on all commodities, and therefore the AUD, CAD, and NZD along with Gold and oil, will be under pressure too.
A failure to get to the top of the most recent bull flag could be at the start of a distribution phase under the $90 mark.
A stronger US dollar will put pressure on all commodities, and therefore the AUD, CAD, and NZD along with Gold and oil, will be under pressure too.
Comment:
Getting prepared to go long
Comment:
The break above $89.18 was decisive. I wasn't at the computer to witness it.
Comment:
Weaker dollar or increase demand?
