After the report today, crude dropped, rallied, hung around the pivot, and dropped like a rock to S1. Not particularly bullish action.
I see it too & IF it works then I see 92, but I look at multiday & weekly, they make me think that we could be entering different times where oil is very expensive, don't get me wrong I hate the idea of this happening.
This rally seems very suspicious to me. I'm not in either way right now but after yesterday's action I have turned more to the bear side I think. This additional upside movement could be a good selling opportunity. We'll see where it goes.