Oil is sitting at important level right now, the green rectangle has been an area of support in march and turned into important resistance in september. We will have to see what happens around this level, we could form a double top and have a downweek or we could break up but i think this upmiove would be shortlived and we may find resistance at the downsloping resistance trendline. If it does move up we have to look for an entry around the 50% fib retracement if we get price action confirmation around that level.
Interesting week ahead.
Interesting week ahead.