Today #oil completed a bullish candle combo which suggests that the commodity has better chances to hit higher prices for at least one day.
As forecasted in yesterday’s weekly report, “the daily odds could turn bullish and oil could bounce 10-15%.” If candles confirm the intent tomorrow, oil can move short term towards $80-85.
All mid and long term targets remain unchanged, as discussed in the weekly analysis.
Natural Gas Monthly Analysis:
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