Oil has made a technical break, re-testing the support-turned-resistance line perfectly. It is now resting above the 200MA, the last support before trendline support at 62, and horizontal supports at the 59 and 55 areas.
A tactical short within Friday's candle would be a good entry. The short bias holds below the 68.3 area, a close above there would shift Oil back into neutral.
A tactical short within Friday's candle would be a good entry. The short bias holds below the 68.3 area, a close above there would shift Oil back into neutral.