Hey traders, kindly support the idea push the like button, share and comment below, most of all hit the follow button so you never miss any analysis. Here is the analysis of OIL
I like setup, here is why we have a falling channel, potentially ended with a double bottom, with RSI divergence confirming a valid falling channel and a valid double bottom, also we have prices broke out the channel after Trump called the Saudi's and Russia yesterday, and potentially short-covering resulted in prices ran a whopping 20% plus. I will look for a chance to go long on a lower time frame. the optimistic scenario for black gold it can go and hit 30$ before it continues to 35$ Now we only sit and watch
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