US OIL: Nice jump up today at the long term down trend line.

FX:USOIL   CFDs on Crude Oil (WTI)
85 2 6
Looks like a good setup for the "kiss and run" scenario. I've added the projected target from the positive reversal in the RSI/ROC if this plays out. (lighter up arrows) which match up with the previous high from May.
Great Chart! Maybe a big hurricane will be the catalyst for the next Bull Oil this year.
goodguy keefer0
I was wondering the same thing but that is the way the chart looks. Maybe some kind of short squeeze as few think it will go up it seems to me.
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