Oil is getting ready for a fly towards level 61.52 for it's Monthly Resistance level. Expecting a Retracement towards 50.16 level before it continues it's bullish trend. Current price closed below 53.97 which is a positive sign for the price to reach our entry level before reaching the moon.
Note
OIL Currently broke the resistance level of 53.97 and getting ready for a fly towards the upwards target. I'm getting ready my positions around the new weekly support which is 53.97
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.