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It's descending triangle breakout on the upside, maybe failed.
Small gap up so probably just a range day. Today and tomorrow suppose to be very very boring before the holiday.
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USO should suffer from monster news yesterday (good for climate folks, bad for all oil long term)
[add: the only MSM that really "drilled down" on the oil news last night was Maddow (she has the #1 rated cable news show, regardless of what you may hear to the contrary.....]
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Maybe we had the range high, now seeking range low. The blue below is the very first possible place because it's tested twice and held.
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Love her or hate her, she had the “deepest” coverage of oil last night.
Please try to see this with your NON POLITICAL glasses on.
This is the biggest oil news in decades. https://www.youtube.com/watch?v=UHdnCnvYJeo
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.