Getting a nice bounce off the wedge it broke out of after consolidating the past month. Would like to see at least 11.40 by the end of next week.
Thee is alot of resistance in between 10.50 and 10.83 - need to get out of this area.
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This is accumulating perfectly on the 0.50 Fib level on the daily chart. Extremely bullish
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Volume is weak on the breakout and oil is in the top end of its trading range. I expect lower prices from here unless we get a good break in volume on Monday. I see this as unlikely though. Probably talks of the Iran oil deal going through is going to be the narrative for the price dropping on Monday.
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Still liking this one alot. Best place to add on is if price breaks above 11.49 - this is the current major resistance
Where do we see this thing going now after that dip to 10.72
IKeepItGreen
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@Donjulio0804, Up from here right now as long as this level holds. I am still extremely bullish. Still following the parabolic trendline. It should start getting a nice pump, and if the parabolic trendline breaks, just another chance to get some between 8.64 - 9.85
IKeepItGreen
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@Donjulio0804, This is the level I am keeping an eye on