Bullish fundamentals are potentially setting up 'higher-for-longer' oil prices.
I think we might see a retrace down to the trend-line area given how far we have extended. Although, in any case be ready to jump on a bullish move.
If we start creating downtrend structure then sentiment might have shifted, noting US / EURO growth rates / interest rates are also being looked at by institutions as key demand factors.
I think we might see a retrace down to the trend-line area given how far we have extended. Although, in any case be ready to jump on a bullish move.
If we start creating downtrend structure then sentiment might have shifted, noting US / EURO growth rates / interest rates are also being looked at by institutions as key demand factors.