Appears we have closed above this neckline, with volume. I imagine it would be quite easy for crude to pull back into the $50 area.. bounce around but eventually, it's hard to argue we don't see $51.81 this year and $77.04 next year?
Very similar price off of which crude bounced in 08. ;-)
This is part of a 3-5 year accumulation plan on oil companies.
reallifetrading.com/...nergy-stocks-in-2016
Very similar price off of which crude bounced in 08. ;-)
This is part of a 3-5 year accumulation plan on oil companies.
reallifetrading.com/...nergy-stocks-in-2016
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