USD or DX is our price driver but the pattern remains none the less.
Price target is $62 for profit taking, then hunting for dbl bottoms or unusual fundamental shifting in crude to spot the support reversal above $62
If anyone new to is playing test or real funds also look into trading 1 mini crude contract.
Its much safer to hold and wont destroy your account. NQM is the mini crude ticker.
Dollar is up Oil is down
for any note takers the weekly moves this time of year in 2015/2017 resulted in $12 and $7 moves down under similar inventory reports
not declaring that kind of dip but going long is unwise without further structure definition