WHAT ABOUT RISK ON IN CRUDE OIL ?
TODAY OIL PRICES TURNED NEGATIVE AFTER THE US LABOR DEPARTMENT SHOWED INFLATION COOLING AND THE IMPACT OF TROPCAL STORM NICHOLAS ON THE ENERGY SECTOR BEGAN TO IMPOROVE
I DO THINK OIL WILL CONTINUE TO COSOLIDATE IN MORE SIDEWAYS BETWEEN 62-77 ALTHOUGH THERE IS MORE THAN ONE CONSOLIDATION PATTERN WITH UPSIDE TARGET, LIKE BUMAP AND RUN OR THE BULLISH PENNANT
BUT IT IS VERY IMOPRTANT FOR OIL TO BREAKTHROUGH $74..25 TO MAKE SURE THAT THE CORRECTION IS OVER , AND OIL IS ON ITS WAY TO ACHIEVE A NEW HIGH
