Following yesterday’s bullish candle, #oil moved higher today. The odds of moving upwards tomorrow are slightly higher, however, it does not mean that the day will be closed with a green candle.
Tomorrow, an important 15-day candle will be closed. If it closes below $75.72, it will form a bearish continuation candle, elevating the chances for a move downwards in the next 15 days. The semimonthly trend is bearish and a freshly made 8/20 EMA bearish cross just elevates the bearish odds on this frame.
All mid and long term targets remain unchanged, as discussed in the weekly analysis.
Natural Gas Monthly Analysis:
Join us on Telegram: https://t.me/InvestingAngles
You follow @InvestingAngles – we offer the best forecasts!