Moving Average The moving average is always right and right now it hasn't crossed over indicating a new bullish trend has started but it is close and once you see this trend higher then we're in for a bullish run. I posted TSX Moving Average so that you can see how correct the moving average can be in calling the trend and of course, this is just one tool used as a reference When BTE hit $7.15 I knew that it was at the top for now unless Oil keeps rising. Next week the only US Data on Thursday 8:30am is the US Inflation Rate. Tomorrow US Unemployment Rate and Non-Farm Payrolls at 8:30am. Oil at $88 so this Oil bullrun is over and needs to catch its breath. It really seems like $88 Oil is going to be the high for now which has been a healthy move higher after the 4-day rally so we will see Oil pullback tomorrow. BTE has been a star all along! I posted in Sept Oil Technical which was a
"Strong Sell" well you can see the change and improvement from last week
Technical Analysis of CFDs on Crude Oil (WTI) (FX:USOIL) — TradingView BTE Moving Average TSX Moving Average