Price action is maintaining above the Kumo since December on the daily, and we just had a Tenkan-Kijun upward cross. However the Chikou Span is barely above historic candles and has to be monitored to confirm the bullish signal. Of course a lot will depend on how well optimism about OPEC production cuts will continue to offset DOE increasing stockpiles reports.
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SIGNAL INVALIDATED! Chikou Span below prices could activate the slightly rising wedge.