HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE. LOOKING AT THE USOIL
* The ENERGY is currently trading in an uptrend , just consolidated and rejecting at the base of this structure, fundametals went in and saw the ENERGY sour to $132 highs. - Short term the pair is currently at the supply zone could go lower but looking for possible continuation with the bulls with evrything happening fundametally wouldnt be surprised to see a challenge of the 2008 high of $ 145.85 in the near future but well we are not there yet. - The energy saw a break and close above a structure possibly signaling that we could see some continuation with the bulls. - Looking for LONG entries on the THE CRUDE swing should all the rules of the formation be met but we might see some correction before this comes to play.
******* CRUDE OIL INVENTORIES TOMMORROW will definitely be interesting, the increase in the oil is actually MORE than expected @ -2.597 M which implies weaker demand and the energy could react BEARISH which support the idea of a correction and delay before continuation.
So lets see how it goes
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