Oil is running to the upside recently. As of this moment it is consolidating and looks to be a pretty good buy to my eyes.
I am just waiting for price to make its move then I hope to be joining it.
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As far as sentiment... The market opened with enormous bull activity! Anyone who played the open was rewarded handsomely! Now price has retreated to lower levels. Usually when the market is very bullish, it finishes the day at or near the highs, so I expect price to continue higher. Getting the proper entry is always a challenge, but to me it does seem like we are going to finish higher than where price is currently.
I am just waiting for price to make its move then I hope to be joining it.
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As far as sentiment... The market opened with enormous bull activity! Anyone who played the open was rewarded handsomely! Now price has retreated to lower levels. Usually when the market is very bullish, it finishes the day at or near the highs, so I expect price to continue higher. Getting the proper entry is always a challenge, but to me it does seem like we are going to finish higher than where price is currently.
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