Crude Oil Tests Both High and Low Sides of its Recent Range. What Now?

The post-April 29 range between $46.50 (roughly) and $43.25 remains intact, but is testing the lower side of the range as we speak-- after probing the upper part of the range on Sunday eve trading.

My pattern work continues to tell me that all of the post-April 29 action is a high-level congestion/digestion area prior to the emergence of another upleg that points to $50.00.

  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!