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peterbokma
Apr 29, 2022 1:53 AM

USOIL-NEUTRAL upside bias 

WTI CRUDE OILTVC

Description

I do not like we broke the trend line of the triangle. This means abort short that was established @ 101-102.

The cloud is still the obstacle for further strength to develop. The signal is positive and stochastic is as well. For those willing to try BUY current and place stop-loss below $ 98 and take profit @ 115. I am not taking a position as I am not fully convinced, but news is supporting oil and bids will remain to be there for coming days ahead is my feel.
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