Crude aooears to have broken out of trendline resistance, particularly on the daily chart. Closing today above 107.60 would launch the next rally. Fibonacci projections set target about USD165, about mid-June.
The weekly chart candlestick is also forming what might be a bullish candlestick with a long shadow at the bottom, suggesting upward momentum.
Daily technicals are already indicating the inevitable. Follow through would also mean some rather significant events in either disruption, conflict, or massive return of consumption.
Brace brace brace!!!
The weekly chart candlestick is also forming what might be a bullish candlestick with a long shadow at the bottom, suggesting upward momentum.
Daily technicals are already indicating the inevitable. Follow through would also mean some rather significant events in either disruption, conflict, or massive return of consumption.
Brace brace brace!!!
