Wednesday, June 26, 2019 11:11:15 AM
Oil is on a launch pad. It will either take off or be called off as the count down from 10 reaches 1.
Daily chart 10dma about to cross 50dma, indicators bullish divergence. Hitting downward resistance line.
Weekly indicators turning into bullish divergence.
XOM, biggest player in the oil field, consolidating above 50dma, waiting for 10dma to catch up, just like back in February before 10% move up.
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