On October 7th I included U.S. crude oil in my weekly commentary for the first time. The market had just retested ascending channel resistance below 77.00 and looked ready to roll over. Not only had sellers carved a bearish rejection candle on the weekly time frame, but the price action since February suggested that buyers were tiring. Here’s what I wrote on October 7th: If you’re considering buying (U.S.) crude oil, you may want to have a look at the two charts below first. There’s no question the market is in an extended uptrend. At the start of 2016, oil was trading just below 28.00. Here we are less than two ... (full story)