Despite higher TF's being bullish, I think we can see some bearish movement. The Daily MA's are down w/ PA on the Weekly from last weeks close and the two highlighted points on the Daily being more evidence. Looks like we just got a retest at the end of last week w/ the bullish engulfing showing buyers exhaustion and the hanging man which could lead us lower to test that outer trendline for a break or bounce. Not to mention, it looks like we're having a hard time making our way back to trading above $70.00 per barrel
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.