Crude lost the bullish plot
It appears that Crude lost the bullishness.
Initially in March, Crude broke up into the range, and expected bullishness to breakout on the other side, which gave much upside. This was followed by a marubozu and then a gap up. Thing is, it met resistance and failed. Breaking back down and now almost closing the gap.
Once the gap is closed, looking for 66-70 for a period to consolidate. MACD is weakening, VolDiv crossing down very soon.
Initially in March, Crude broke up into the range, and expected bullishness to breakout on the other side, which gave much upside. This was followed by a marubozu and then a gap up. Thing is, it met resistance and failed. Breaking back down and now almost closing the gap.
Once the gap is closed, looking for 66-70 for a period to consolidate. MACD is weakening, VolDiv crossing down very soon.
Nota
Intraweek low of 64, currently about 693 days after heads up here.
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