Just a quick note to point out that the price divergence with NYMO mentioned in last post continues to develop.
NYMO today is higher than it has been all year yet price is below it's recent highs.
Perhaps next week, action will clean this up, but for now the divergence is there.
No guarantees, but price divergences like this in the past have suggested that corrections weren't complete.
What would follow would be a consolidation chop/triangle sort of thing to finish correcting through time or a failure that led to a capitulation move.
This rally could be the kick-off to a new bull trend, but this divergence gives some odds to other scenarios.
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