Crude Oil Continues Higher for a Second Session After The Saudi "Statement of Stabilization"

Yesterday's Saudi announcement coupled with this morning's geopolitical tensions have combined to goose oil prices higher for a second day (so far).

What is impressive is the pattern of higher-highs and higher-lows has unfolded off of last Friday's upside reversal in the aftermath of the conclusion of a falling-wedge formation.

My next upside target is $44.00-$45.00.


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