Check weekly chart…best looking chart so far!
Since oil has been so impactful to the markets direction, thought I would see which levels to watch. Currently, I see we are at a very pivotal area. Looks like $51.64 can be a number to focus on for this week. A close above looks bullish and a close below would be bearish. If we can push up over this number ill be looking for $54.19. I see it likely we will find resistance and reverse. Markets could find this to be bearish and follow.