I think its almost time to retest those 42 dollar prices.. Might take a few months but I see a nice bullish weekly consolidation which is giving us a point B.
C can either stop before A or extend above it. If so the dashed black line would become point D1 and the current placement of D would be D2.
It is obv anytime we get to those levels we always return back to 60 buck zone. This was evaluated by my brother Josh. He is the oil trader between us but he is deadly accurate with oil its scary. lol You can follow him if you wish.
His Tradingview is Allout06
C can either stop before A or extend above it. If so the dashed black line would become point D1 and the current placement of D would be D2.
It is obv anytime we get to those levels we always return back to 60 buck zone. This was evaluated by my brother Josh. He is the oil trader between us but he is deadly accurate with oil its scary. lol You can follow him if you wish.
His Tradingview is Allout06
