Any news can give breakout from the pattern and rally towards $54-$55
Long term trade
Short Entry Price : 44 .30 (Candle Close below)
SL : $ 46.65
TG1 : $43.01
TG2 : $38.85
TG3 : $36.03
Pls refer to all Resistance line (Maroon)
PS. Generally I dont believe in theory. Those are heaven for brokers.
clean breakout ! surviving on R1 43.01
We also breached Important level 42.
Now we can see little bounce and consolidation.
though FOMC can change things.
After Data trying for upward correction.
I still have same view. Oil is bearish at least till 36.
we have done the down cycle
first target 46.5 and then towards 51-52 channel top.
All dips are buy for now.
I will end this chart here.
This New bull deserves new chart.
Thanks folks for all likes and support.