Oil Hesitation: A Good Thing

١ يونيو ٢٠١٥

Oil is now congesting at the top trendline in a descending channel. I look at this as a very big positive. Traders are waiting for Wednesday and oil is not pulling back much in the meantime. After the strong surge Friday I expect the market wants to push up; it's just waiting for a reason. These channels like we see are the rest before the trend resumes. Crossing fingers for a decent leg up.