FYI: Oil continues to trade in a very well-defined uptrend channel. Since making its bear market low of $26.21 on February 11th (the same day the stock market bottomed as well), the price of oil has rallied 85.16% up to its current level of $48.53. A bull market is defined as a 20%+ rally that was preceded by a 20%+ decline, and the current bull market for oil has now lasted 103 calendar days.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/strongest-oil-bull-market-since-2010/
