12 Jun 2020 ● 06:51 AM
Crude just missed filling the complete gap up to 41 by 50 cents. That said this is wave 1 that extended even as momentum was in sell mode but appears now as complete. Wave 2 might pullback toward 31 dollars before going up again in wave 3. So wait and watch as oil volatility cools down and oil consolidates at these levels. The daily volatility should eventually come down before the next advance.