<21c2e595> Ya I would not long here. It had a textbook ascending triangle that has played out already and then some plus we are coming up at lots of res in the mid 60s. Weekly close above 65 would be a good signal of continuation to prob mid 70s. I do believe oil will be bullish for a while as this Iran thing has just started to heat the last 6 months or so. But the US has ALOT of wells alrdy predrilled and ready to turn on at any moment with some funding ( good thing rates are going back down) to the tune of like 8700. I would guess once it heats up too much. Prob oil btwn 80 and 100, trump will open the tap and show our hand as the biggest oil producer. It should be a great trade to watch this year for sure regardless
<21c2e595> Also my buddy in Midland says the last 5 months that biz has quietly been ramping up.
<21c2e595> The most interesting price action to me with that iran news was bitcoin. It seems to pop hard on that announcement which is something I’ll be watching closely. If btc starts acting like a safe haven like it did back in the day again that will likely give it some strong bull legs in the near future