44 is very important for oil,for mid-term.
We already effected longed at $44.5.Good R/R
Tp1: $46.8
Tp2:$48-49
Tp3: to be advised after breaking out $49
We already effected longed at $44.5.Good R/R
Tp1: $46.8
Tp2:$48-49
Tp3: to be advised after breaking out $49
Comment:
Layer oil production will possible reach the peak in 2017, which means that the growth might be lower down. Hopefully we'll see the effection to the oil price several month behind.
Comment:
Monthly chart:
Trade active:
hit $44.5 again
Trade closed manually:
It has broke$44, cut loss and stay away