US OIl had some nice moves today. Related to the recent supply news, and in my honest opinion, for the idea of any end to fed tightening, we really don't want to see something like this, particularly for inflation. Let's hope these sell blocks are strong enough to push price back down. Seems to be at the apex of a rising wedge in an Elliot Wave 5 which could be a local top. I'll be looking locally just below for some signs of cooling down.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.