Quote:
Originally Posted by Jupiter0
Been watching crude oil closely. needs to take out 109 area resistance then it's off to races. It's a perfect triangular consolidation on monthly charts. The direction off the tip of this triangle will tell next direction. On USO it is 82's area. Don't see these kind of long clean triangles often.
Makes sense but those China lockdowns no joke, need that to end
Also, I do think we may be getting pretty close to some demand destruction in the US....Avg unleaded cost is like $4.30 right now after the brief downturn in April