oil monthly

in money •  7 years ago 

Today oil took out the 2015 highs at 62.58 and closed at 63.48 which is extremely bullish imo...not much resistance until 65-67 and the 100% fib ext is at 69 area2018-01-09-TOS_CHARTS.png

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strong dollar...or cheap oil. Can't have both!

dollar and oil overlay, usd has been in a downtrend while oil has been in an uptrend... but they can go up together as they did in the back half of 2016...

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