May. 18 at 6:44 PM
Lately, oil’s been running pretty strong, and I’ve found myself constantly watching
$SHEL. Today it ran into resistance at the 50-day moving average, and I’m thinking—if it can hold above that, could it make a run back to its previous highs around 94.90?
Honestly, I haven’t fully jumped in yet—I’m just observing and thinking. The market can be unpredictable; breakouts can happen fast, or sometimes you just need a bit of patience. Looking at the charts, I keep asking myself: is this the right moment to act, or should I wait for a clearer signal?
What about you? Would you position early for a breakout, or stay on the sidelines for now? Share your thoughts in the comments, and let’s exchange ideas.