May be a window of LONG opportunity for the Oil. (REFER TO DESCRIPTION ON THE CHART), with R&R around 2. Thrill seakers may jump in (Not me) with a target at 34.32. Good trades
Note: On the chart, after publication, the trendline (blue) appears misplaced for some reason. Should go right below the current price.
Note: On the chart, after publication, the trendline (blue) appears misplaced for some reason. Should go right below the current price.
Trade closed: target reached:
Target Reached.
Comment:
Price got stuck at indicated level. It will be very difficult to go up from this point. Price has to go back down may be back to 32 levels to release pressure and gain strength,