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World Fuel Services Corp sees positive momentum return as the “Go” trend tries to endure resistance at congestion levels.
Having put in another higher low in late January the “Go” trend remains in place.  Coming out of the “NoGo” correction in late 2021 we saw the GoNoGo Oscillator break above the zero line and then find support.  Recently as price has fallen away from resistance (signaled by the red countertrend correction arrow), the GoNoGo Oscillator rode the zero line for an extended period as price moved mostly sideways.  Now we see the oscillator find support once again at zero and break out of the GoNoGo Squeeze to the upside as price once again tests resistance.  With momentum on its side, we can look for price to put in a new higher high.