US crude oil inventories data which was released yesterday fell to -4.2M barrels which caused oil to rally up to $49.6/bbl and break my resistance at $49.1 and my daily pivot.
I anticipate either a drop back down to that daily pivot level or the resistance turned support for an opportunity to long all the way up to $60/bbl.
I anticipate either a drop back down to that daily pivot level or the resistance turned support for an opportunity to long all the way up to $60/bbl.