OIL
US crude oil inventories data which was released yesterday fell to -4.2M barrels which caused oil to rally up to 449.6/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.
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