Keeping an eye on that black gold

18 ביולי 2022

Keeping an eye on that black gold for my best friend @lifeonthewater. Notice the downtrending black channel that oil is in. Its providing a nice trading range for us. A break out of the channel opens the door for oil to run to the top of the range where the dashed line is. We got a monster wick out of the support zone with some fantastic follow-through. Thats some nice bullish strength that Id like to see tested again to see if it holds.

No trade idea here... just observing.