Momentum against the Trend

5 janv. 2019

Every market move whether up or down has to start somewhere. Advances begin with momentum. Positive momentum (as represented by the green circles under price) can be a short-lived thing. The trend is still down in Oil but and momentum reversals are reasons to cover short positions and prepare to get long if/when the trend changes from down to up (when price closes moves above the red trend line).