Oil has consolidated for the first week in the new year and we are starting to see that push higher which was our favoured scenario. Now we need to wait for oil to finish this bullish push...Due to the large head and shoulders pattern retail will be shorting and shorting and the whales will be pumping for liquidation. I am expecting moves into the the $79-80.30 region which is where I will look to short the corrective move which will come into play.
Any economical events could drop or push oil so I will stay weary...ultimately I will be expecting oil to push 90-100 this year (Q1 and Q1) targets. But I'd like to see a dump first for an accumulative drive up to achieve those targets.
Follow me to stay update and keep your eyes peeled. Feel free to DM to see how I can help you!
Any economical events could drop or push oil so I will stay weary...ultimately I will be expecting oil to push 90-100 this year (Q1 and Q1) targets. But I'd like to see a dump first for an accumulative drive up to achieve those targets.
Follow me to stay update and keep your eyes peeled. Feel free to DM to see how I can help you!
