$OIl Building Energy

To the group of bullish structures on $OIL noted here, we can add this bull flag that is filling out now. It has roughly the same measured move as the large inverse noted in the last update. On my analysis, it is building energy to get over that multi-year trend line.


[UPDATE]: Since this has now come within a hair of the expected target, I will file this under “Successful Calls.”


Leave a Reply

Your email address will not be published. Required fields are marked *