WTI ,Resistance $54 to $55. If closes above $55 should be smooth sailing eventually back to $60.

(edited)

I watched a presentation this morning on oil technicals. The chartest said there was no data showing an oversold WTI market.  Said could retrace to $42.  

I don't necessarily agree.

Remember as Andy Hall said, " oil doesn't trade on fundamentals any more. 

Edited by Falcon

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