Thursday, Brent Oil met its secondary upside target zone of $115.00, and has since pulled back a bit.
Let's notice that my 4-hour momentum gauge shows a glaring divergence at yesterday's high, which, if nothing else, is a near-term warning signal that the up-move off of the June 21st low at $88.49 (+30%) is complete, and that the likelihood of a significant correction is increasing.
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