With rising tensions in the Middle East and a large crude oil inventory draw yesterday, we're looking likely to stay in an upward parallel channel that formed in the last couple weeks. We may get a pullback the rest of today due to resistance, but tomorrow we should be up again. As always, keep your stops below the channel and move them up each day.
Note
I meant tailwinds in the chart title. XD
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Disclaimer
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.