OIL has been moving mad the past couple of days and I've been loving it...to an extent.
Oil is prolonging its bullish move and it's becoming over extended so in the near future it will become very choppy and manipulative. OIl has ranged for a few days providing a false sense of security for retail who keep shorting the top. Oil will flash up to grab stop losses and will form it's next move. Oil will either find support and have a large rally or it will reject and plummet to 80.40 to fill the gap before going higher.
I would love to see a large drop in oil so I can position myself for 90$
Oil is prolonging its bullish move and it's becoming over extended so in the near future it will become very choppy and manipulative. OIl has ranged for a few days providing a false sense of security for retail who keep shorting the top. Oil will flash up to grab stop losses and will form it's next move. Oil will either find support and have a large rally or it will reject and plummet to 80.40 to fill the gap before going higher.
I would love to see a large drop in oil so I can position myself for 90$
