Oil has moved up in early session and has now pull back to top of yesterday range, this is the spot i would look for a long if this market is going to move higher, the next long confirmation then is when we move above red top.
A move back into yesterday range I then can see oil moving back to the lows of yesterday and maybe further.
I personally find it hard to think oil will move up as long as OPEC is pumping as hard as they can.
A move back into yesterday range I then can see oil moving back to the lows of yesterday and maybe further.
I personally find it hard to think oil will move up as long as OPEC is pumping as hard as they can.
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