Nice Work Pete.................
Quote:
|
This could show some technical confirmation on oil resistance.
|
Oil appears to have Topped...1st substantial downturn in Open Interest...Longs are Covering...in conjunction with W5High.
Oil is still volatile...Double Top or Spike High?...maybe tho a break of $52<>$51 would negate that...and fuel a USD Technical North advance....Oil hits a W5High at Technical resistance...and OI decline shows Exits underway.