We left off yesterday with a rather bullish forecast through the end of the month based on CL and USDJPY continuing to push higher. They both have, and futures have responded in kind.
Note that CL exceeded the Feb 18 highs, invalidating a significant downside Fib Pattern, and will do the same to Jan 28’s when it reaches our 34.82 target. If you’ll forgive a small pun, it’s been crude but effective.
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