FUNDAMENTALS:
- OPEC is for higher prices
- Sanctions on Russian oil will drive price up
- Developing Diesel shortages will drive price up
TECHNICALS:
- Price made a Higher Low on the D1
- Price is at Role Reversal Zone = 50% of downswing = Quarterly Pivot
- Looking for price to respect demand-zone and break above SELL-VWAP
TIMING:
- Expect trend to take off after midterm elections (> NOV 8)
- OPEC is for higher prices
- Sanctions on Russian oil will drive price up
- Developing Diesel shortages will drive price up
TECHNICALS:
- Price made a Higher Low on the D1
- Price is at Role Reversal Zone = 50% of downswing = Quarterly Pivot
- Looking for price to respect demand-zone and break above SELL-VWAP
TIMING:
- Expect trend to take off after midterm elections (> NOV 8)
Sultan of Swing
