For the past month or so, been talking about higher Crude prices in the making. Here we are closer to that...
The Weekly chart closed at a monthly high, and with such gusto that it is the most bullish looking candle in the past 6 weeks! This came after many indications and warnings from weekly candlestick patterns and daily technicals as outlined previously in the last couple of weeks.
So, now the weekly technical indicators are showing a bullish turn.
The daily chart have a late week Crude Oil price spike, that is meeting a gap resistance, and the coming week should break through... this is supported by the RPM and MACD technicals.
125 then 155... and this is an off-cycle surge, so am expecting a quick surge really.
The Weekly chart closed at a monthly high, and with such gusto that it is the most bullish looking candle in the past 6 weeks! This came after many indications and warnings from weekly candlestick patterns and daily technicals as outlined previously in the last couple of weeks.
So, now the weekly technical indicators are showing a bullish turn.
The daily chart have a late week Crude Oil price spike, that is meeting a gap resistance, and the coming week should break through... this is supported by the RPM and MACD technicals.
125 then 155... and this is an off-cycle surge, so am expecting a quick surge really.
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