WTI crude oil is on the extended side, but remains within the...

WTI crude oil is on the extended side, but remains within the confines of a well-defined channel structure that keeps it pointed higher. With that in mind, we may see a pullback develop here soon that will alleviate any short-term overbought conditions that exist, but the outlook is generally bullish.
A pullback to the lower trend-line could offer would-be longs an opportunity to enter and have a threshold from which to assess risk. Stay above the lower parallel and the current trend remains intact. Break below and a larger decline may ensue.
On the top-side, should we see more gains watch the top-side trend-line as a potential line of resistance. Price resistance doesn’t arrive until a good ways higher at around 64, with 65.62 the very peak of the Jan 8 2020 spike-high.



IMO oil is just getting started...

BRK is a perfect small cap stock to get excited about... recent CR out of the way... already revenue making... huge potential moving forward... if POO continues this bullish momentum, I expect a easy 10cents pre EFY... bring on the wells... don't know about you guys, but this one is a little exciting, ticking all the boxes currently...