Oil Forecast in the coming days and weeks!
Possible scenarios:
1- retest the lower border of the channel and 50EMA.
2-Breaking below the channel test previous low(A)
3-Retest the previous support at 85.
Closing above 117 makes this analysis obsolete!
Best,
Dr. Moshkelgosha M.D
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
1- retest the lower border of the channel and 50EMA.
2-Breaking below the channel test previous low(A)
3-Retest the previous support at 85.
Closing above 117 makes this analysis obsolete!
Best,
Dr. Moshkelgosha M.D
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Trade closed manually:
This makes my technical analysis obsolete Saudi Aramco petroleum storage site hit by Houthi attack, fire erupts
Comment:
The market did not buy the news..!