WTI rising wedge breakout
nicely rejected at the 0.618 resistance
looking for 30 and the 100 days MA/ wave A of a correction
note that dozens of refineries in Texas are seeing surge of COVID cases and might have to partially shut down some operations
this would lead to increase of crude stockpiles and I wouldn't be surprised to see a significant drop in the coming weeks as we would face some storage issues for crudes
looking for 30 and the 100 days MA/ wave A of a correction
note that dozens of refineries in Texas are seeing surge of COVID cases and might have to partially shut down some operations
this would lead to increase of crude stockpiles and I wouldn't be surprised to see a significant drop in the coming weeks as we would face some storage issues for crudes
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