Crude oil headwinds may sustain upward channel for a while

With rising tensions in the Middle East and a large crude oil inventory draw yesterday, we're looking likely to stay in an upward parallel channel that formed in the last couple weeks. We may get a pullback the rest of today due to resistance, but tomorrow we should be up again. As always, keep your stops below the channel and move them up each day.

Kommentera:

I meant tailwinds in the chart title. XD