After sitting on the sidelines, I am back!

What a crazy year our world has seen! Oil is definitely no exception. I was doing great, then started messing up big time and needed to step away for a while and build things back up. So now that. I am starting to make a comeback, let’s take a look at what is going on with oil. As others have stated, oil has been in consolidation for the last three months. Looking at the pattern, I believe we will have another move to the upside. Probably not as dramatic as we saw going into June, increasing $10/bbl, but probably a $2-3/bbl increase. The hourly, 4 hour, and daily charts seem to point towards an increase. I am taking shorter gains to build back up, but looking to do that for a while as oil moves back towards its comfort zone of $50-$60/bbl. We won’t get there anytime soon, but I believe that is where US oil will eventually settle. Invest carefully, use stops, do your own research. Have a great and profitable weekend!!!