definitely and today the NYMO closed at 77 which is quite high. However, what I discussed last night is that when the NYMO or NAMO closes outside its upper Bollinger Bands after price is coming out of a very oversold condition it can be bullish where you get an uptrend that lasts for 1 or 2 weeks, not without pullback days of course, but overall tends to support a trade low that holds for a bit and doesn't just roll back over.  Here's a couple charts - the one from last night, and some past examples, I like the clean histogram version


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