Rising Oil Wedge Reversal + Too Far Too Fast
Rising Wedge Reversal anyone? RSI Spiking towards overbought (not in, but towards) Embedded Stochastics that don't stay this high long... Seriously 12% Rise in 11 Trading Days.... I'm not a permabear, but a pullback would be healthy... Unless EIA blows past API, i think this is a draw in-line with forecasts and some people take profits.. I'm saying $52-ish by next Monday. I've been short since 52.75 and will probably add to position unless we plow thru 54.5 on strength!
