Rather wait for further PA to determine entry position
Comment:
The PA is pretty firm around that MA20 on the Bollinger Band, so I am expecting Oil to make a landfall this week towards 61.0 area
Comment:
Fundamentally, Oil has become weak due to compliance of Ope members to Trumps request to increase the supply, and weakening political strength of the Opec as a Cartel organization. I dont expect much strength to come from thier upcoming Opec meetings.