Oil is running into some pretty pivotal resistance.
You have to imagine Powell and elected officials want to get the price per barrel lower heading into election campaign and this inflation regime.
A bearish daily divergence just started but does not mean its time to short. A quick scan at these levels may be attainable but I think if we get one more final move into the next Fib level it would be a better R&R setup .
You have to imagine Powell and elected officials want to get the price per barrel lower heading into election campaign and this inflation regime.
A bearish daily divergence just started but does not mean its time to short. A quick scan at these levels may be attainable but I think if we get one more final move into the next Fib level it would be a better R&R setup .