What is interesting about crude oil is the fact that seasonally, it should be going down. However, the market appears to be doing just the opposite. Maket Club did a video on it when it was down to $64. When something is supposed to happen and the opposite occurs, it’s time to pay attention.
What is also interesting in crude oil is the fact that all of the “Trade Triangles” are all green giving a perfect 100% Chart Analysis score. This indicates that there are some strong trends in place and the odds are that the market should go higher. (However, you can never guarantee that and all trades should be managed with stops.)
But NOW, you might want to watch this short video for the answer!
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