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Trend Analysis will be sent directly to your inbox. Oil Market Risks For Chart confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders. Chart is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management stops. Chart shows that positive longer term is weakening.
The market action could signal the start of a major trend change Weak Uptrend Very tight money management stops. Chart confirms that a short term counter trend move is underway.
When this action is over look for the longer term negative trend to resume. Downtrend with money management stops. When this action is over look for the longer term positive trend to resume. Uptrend with money management stops. Chart shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
Trading unchanged at IV 2 hours, 52 minutes ago Trading down E 3 hours ago Trading down