Oil has found support, and continued its broad zig-zag rally. We dipped down below $106 briefly, but found support and quickly rebounded past $108, into the vacuum zone between $108 and $113. The Kovach OBV is still strong, and there is nothing fundamental to suggest lower prices. As targets we have $113 then $116. From below, $108 and $106 should provide support with $100 being a floor price for now.
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Join my discord at discord.io/quantguy
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