….crude oil futures, weekly candle.
So is the trade “follow the channel“? Could be true and if it is, we’re set for a happy few weeks now as inflation expectations come from good biz numbers and oil goes higher and China says more pretty things and we all love a bull run don’t we? But me personally, I’m not buying it. I see weakness all around and the chance of reversals in all sorts of things (not just oil) is high. It’s time to be defensive methinks. Be careful out there and DYODD.