Hi traders! This is a fragile chart who need more attention then usual.
(Monthly)
This level that oil is reaching, was hited in January 2002, long time ago.
If this level is breaked, barel price will fall to the next support level wich is 11.66 (more or less)
In my opinion you should wait for a nice reverse candlestick patern like a reversed tripple bottom or inversed head and shoulders then go with buyers.
Since then, sellers are on charge.
Enter in transaction if this level is breaked and good luck at pips!
(Monthly)
This level that oil is reaching, was hited in January 2002, long time ago.
If this level is breaked, barel price will fall to the next support level wich is 11.66 (more or less)
In my opinion you should wait for a nice reverse candlestick patern like a reversed tripple bottom or inversed head and shoulders then go with buyers.
Since then, sellers are on charge.
Enter in transaction if this level is breaked and good luck at pips!
