Not convinced of this oil rally
Oil has made a U-turn ever since bottoming out back in February. While the move up has been impressive, it doesn't look like a true impulse to the upside. There is a lot of squeezing and forcing taking place. Though I am not a fundamental trader, I do believe this is an example of where fundamentals and technical analysis complement one another. Be on alert on June 2nd with OPEC.
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