Crude: Be aware of relief rally

2 pumpjacks at sunset by vadimrysev via iStock

Last week, crude came to the lows, filled the weekend gap on Tuesday, and reversed higher for  a few sessions, before it turned down for a big drop after news that war in Gaza is coming to an end. Wel, when it comes to gaps, I am wondering if we can get a similar play this time; a reversal after gap from this weekend has been filled down here.  Well, we have five waves down so some rally would make sense, at least an A-B-C recovery could show up.

GH

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