Oil bullish arguments outweigh bearish to start the week off

١٨ مايو

Bullish because red channel breakout with kickback. Bearish because green channel breakdown with purple channel head and shoulders. Good chance it goes up to ~81 to retest neckline before going down to 75 h&s price objective, possibly 70 major uptrend support, or just goes up period. Bullish bias to start the week, need more data beyond that.