if the SP can't rise sharply on dire ME developments I'd say it's a potential short once the smoke clears. I'm looking at two channels on the weekly. The longer term trend should continue bc it's been established over nearly a decade (was broken by the Ukraine War) Sowas it a false breakout, or are we back testing, will resistance become support, is the trend reversing? Careful what you wish for in this scenario, bc inflation and recession will follow a price shock in energy imo
Woodside, page-907
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