The USO charts are putting some pretty solid 3C positive divergences here and as I'm going through Futures, just as yesterday there are a number of solid positive divergences in Brent Crude's charts as well.
This doesn't look like a wide enough base for a true upside trend reversal, but it may be the first rally/bounce in forming a larger "W" type base area.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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