it appears OPEC is providing the nudge for Crude Oil.
Gasoline demand certainly is NOT.
_________________________________________________
Macro factors will catch up with it soon enough, overall
we remain in wait and see mode for CL.
No positions simply Sell on PO's hit - today Sold 78.44 PO and
closed at 77.93
It is hanging on to the 50 SMA @ 75.96 for now, the 200SMA is
below @ 70.92.
MACD is diverging while A/D is sharply Positive.
Appears to be another Squeeze, an unrelenting one.
Gasoline demand certainly is NOT.
_________________________________________________
Macro factors will catch up with it soon enough, overall
we remain in wait and see mode for CL.
No positions simply Sell on PO's hit - today Sold 78.44 PO and
closed at 77.93
It is hanging on to the 50 SMA @ 75.96 for now, the 200SMA is
below @ 70.92.
MACD is diverging while A/D is sharply Positive.
Appears to be another Squeeze, an unrelenting one.
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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.
Disclaimer
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.