If the price action can get above 89.18, there is a decent probability of a continuation higher, as the oil markets have been grinding higher these last few weeks.
A failure to get to the top of the most recent bull flag could be at the start of a distribution phase under the $90 mark.
A stronger US dollar will put pressure on all commodities, and therefore the AUD, CAD, and NZD along with Gold and oil, will be under pressure too.
A failure to get to the top of the most recent bull flag could be at the start of a distribution phase under the $90 mark.
A stronger US dollar will put pressure on all commodities, and therefore the AUD, CAD, and NZD along with Gold and oil, will be under pressure too.
Catatan
Getting prepared to go longCatatan
The break above $89.18 was decisive. I wasn't at the computer to witness it.Catatan
Weaker dollar or increase demand?
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