Market Sentiment:
I don't usually do market sentiment. I have been a TA only person. But, to better understand the market I am branching out a little. Does anyone else have some commentary they would add? I know my narrative is fairly basic at this point.
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Oil got sold hard out of the gate in today's New York open after being bought up out of a long...
Oil is at the bottom of its long termed rising channel. Testing supports. As long as we do not fall through the zone. This is a buy. Stop loss just under the zone and .786 fib. First target about 69. Gives 1:3 risk: reward ratio. Also supporting evidence would be what appears as a bullish Gartley.
Dan
