FOMC meeting is happening this week.
Reducing production is the news that keep pushing oil price up.
Check on the daily chart, USOIL now is seemed on its 5th wave up and the bottom green zone provids a very support for that even though oil drop down technically hard on the last trading day of Nov.
The weekly harmonic pattern is still potentially giving us guide for the future price oild could make.
Those R/S zonesa are the challenges or targets for OIL buyers.
Good luck!
LESS IS MORE!
Reducing production is the news that keep pushing oil price up.
Check on the daily chart, USOIL now is seemed on its 5th wave up and the bottom green zone provids a very support for that even though oil drop down technically hard on the last trading day of Nov.
The weekly harmonic pattern is still potentially giving us guide for the future price oild could make.
Those R/S zonesa are the challenges or targets for OIL buyers.
Good luck!
LESS IS MORE!
Trade closed: target reached:
TP1 AND TP2 HIT WITH 210 PIPS PROFIT.
