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Don’t be surprised if oil rockets tomorrow 🚀
Today we saw a dramatic price reversal at Bollinger.
Last year I called the top in oil and now I’m calling a major bounce. I can’t say if the rally will last but it’s definitely brewing.
I’ve been dollar cost averaging USO 0.00%↑ the last few weeks and it’s been quite a choppy bottom.
But today we saw a major intraday reversal at the lower Bollinger while money flows continues to pour into oil.
There is a heavy bias to the upside for oil.
Happy Trading 😊
Sent from my iPhone