Sunday, 12 September 2021
2:05 AM (WIB)
Crude Oil is in important key level between resistance and support. This is gonna be hot and all out. As seen on the chart at 4 hours trading session, there is Golden Cross that Bulls defending with very strong demand to rise. Other side, Bears trying to move the price down as the price hit key level of important resistance. It looks Bears still want $60 or $57. But in my view, the price possible to hit $62. IF, the Bulls loss their support in this never ending price war.
I don't thing Bulls will let the price go down, because it have reached the key level of important resistance with Golden Cross has been created. As seen on the chart, 100 Days of Moving Averages as Bulls stand at $67.50. IF Bears loss their support, Bulls seems will move upside to reach $80. I will prepare purchase orders at 100 Days of Moving Averages with tight stop loss.
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
2:05 AM (WIB)
Crude Oil is in important key level between resistance and support. This is gonna be hot and all out. As seen on the chart at 4 hours trading session, there is Golden Cross that Bulls defending with very strong demand to rise. Other side, Bears trying to move the price down as the price hit key level of important resistance. It looks Bears still want $60 or $57. But in my view, the price possible to hit $62. IF, the Bulls loss their support in this never ending price war.
I don't thing Bulls will let the price go down, because it have reached the key level of important resistance with Golden Cross has been created. As seen on the chart, 100 Days of Moving Averages as Bulls stand at $67.50. IF Bears loss their support, Bulls seems will move upside to reach $80. I will prepare purchase orders at 100 Days of Moving Averages with tight stop loss.
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"