Crude Oil WTI

OPEC chatter and falling dollar looks like it might continue for a few weeks.

We are at the next horizontal resistance of 48.64 with 49.40 and psychological 50 just above.
Marginal higher low on last trough and sp pushed through 61.8% fib yesterday. Another close or two above this level and we can start looking at 53. Watch RSI as resistance ahead.
Rising SMA20 is about to cross SMA50 on the weekly, a bullish indicator, or it could stall there.

PMO +47% has been beautiful to watch after that classic gap close, though 80-82 will be tough to conquer without a rest/consolidation.

Today / Monday will be telling.

F4T

This is about to blow one way or another before the month is out.
Symetrical triangle now approaching apex. All major moving averages are coiling and thus building strength. A downward move might see the H&S playout and an upward move should see 53.50 pretty quickly. A break of that would confirm a trend change IMO.

F4T