The CL fell, and then found support at the $105-$106 level, forming a bullish hammer. This shows potential strength in a market that has done so several times recently. The market is in a massive uptrend, and as such makes sense for it to remain bullish. A break of the lows today would be bearish, but there is simply too much support to short it at this time. A break of today’s high is a buy signal.
Originally posted here
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