CL - Crude Oil persists in Grinding Up Sellers
Our Price Objectives complete the Gap FIll.
This has been a one-way Trade - Higher.
Sellers have been rejected on every Pullback only
to see Price move slowly, methodically... higher.
API / EIA / RIGS / OPEC has backstopped Crude Oil.
____________________________________________
FAding the Trend has been a ticket to larger losses
as Sellers on the Tape continues to double down
against the Trend on this move higher.
Adding Fuel to the fire that is energy at present.
It will be interesting to see IF this can run to 104.
We are very much in doubt of this, but anything is frankly
possible should Price grind to new highs above the 88.21 Level.
This has been a one-way Trade - Higher.
Sellers have been rejected on every Pullback only
to see Price move slowly, methodically... higher.
API / EIA / RIGS / OPEC has backstopped Crude Oil.
____________________________________________
FAding the Trend has been a ticket to larger losses
as Sellers on the Tape continues to double down
against the Trend on this move higher.
Adding Fuel to the fire that is energy at present.
It will be interesting to see IF this can run to 104.
We are very much in doubt of this, but anything is frankly
possible should Price grind to new highs above the 88.21 Level.