I say this because since the beginning of summer reset. scales have been rather hard to figure out. there is a new normal. todays action was a clear indication Oil is going higher and I am now convinced the end game is the 50MA on the monthly.
which lands right around 61ish right now. people, including myself, were looking for a larger correction, I just don't think with MM so net long they are going to clear out just yet. looks like hold for 60-61.