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PSby u/pim.sukprasert·4hAnalysis

Thoughts on $BBL and that 63-64 range

Been watching $BBL the last few days and that 63.00 level just seems to be a sticky point. We saw it bounce hard off that support earlier in the week, but today's close at 64.18, after dipping to 63.19, still suggests a bit of indecision. If we break and hold below 63.00 convincingly, then my current constructive outlook on it would be pretty much invalid. On the flip side, a strong move past 65.00 could open up some upside, but for now, it feels like it's trying to decide if it wants to retest lower or push higher off this current range.

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