After a scary downside week the crude i anticipate for a 4% bounce back to 75$.
The fundamentals are mixt base on the empty words ceasefire between Israel and Palestina with had also a impact in moving the price down. But over the weekend US have stike as response to Iran Attack witch may cause an impact in creating big moves. Should we not forget the OPEC meeting were the hold the cutting production plan in March.
Technicaly after a big fall comes a small bounce. The indicators and the upper trend tell us that the price can consolidate at 70-72 range. The bounce will show us how the players are betting this week after a strong US economical reports.
Buy 72.33$
TP1 74$
TP2 75$
SL 71$
Good luck guys!
The fundamentals are mixt base on the empty words ceasefire between Israel and Palestina with had also a impact in moving the price down. But over the weekend US have stike as response to Iran Attack witch may cause an impact in creating big moves. Should we not forget the OPEC meeting were the hold the cutting production plan in March.
Technicaly after a big fall comes a small bounce. The indicators and the upper trend tell us that the price can consolidate at 70-72 range. The bounce will show us how the players are betting this week after a strong US economical reports.
Buy 72.33$
TP1 74$
TP2 75$
SL 71$
Good luck guys!
Comment:
TP2 Was hit!
The price has hit the 77.20$ point after a strong fundamental week.
The technical resistance was hit today at 77$ and also the price try to consolidate above the mid line of the channel.
Lets see what happens over the weekend!
Hope you had a great week guys. Big up for the next week!
The price has hit the 77.20$ point after a strong fundamental week.
The technical resistance was hit today at 77$ and also the price try to consolidate above the mid line of the channel.
Lets see what happens over the weekend!
Hope you had a great week guys. Big up for the next week!
After crude inventory report from today and with the continued aggressive actions and declaration between Gaza-Israel and the conflict in the red see the price of oil still remains in an upper trend.
On the other sides all the big oil companies expends their explorations and sets themselves in being more bigger LNG suppliers. All those date make me to support the analyses on witch the TP2 75$ is still possible till Friday.
Good Luck guys!