Oil broke higher after the OPEC production reduction which has left a gap in the chart
we are at a point of control now that could extend into
86
or retrace to fill the gap before completing the move higher.
we are at a point of control now that could extend into
86
or retrace to fill the gap before completing the move higher.
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The market fell short of the ideal target but made highs with divergence, we are now testing the support area and filling that gap, as discussed markets don't like gaps so that should complete itself next week. Then I will do a fresh update
Mark Langley
