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.

  Matched “”
x
Take Advantage Of Our Free
7-Day Trial, $71st Month Offer!
  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!