USOIL : Complex Moments For OIL
On the 4-hour time frame OIL is showing for a very good bullish price development.
And actually, the price can keep rising only if the structure will stop the corrective movement.
So in order for us to see OIL to rise more in value the price should stay above 86.90
If the correction will develop lower than 86.90 than we may face a very complex price
development that can push the price lower but it can also create anything strange as well.
Thank you and Good Luck!
On the 4-hour time frame OIL is showing for a very good bullish price development.
And actually, the price can keep rising only if the structure will stop the corrective movement.
So in order for us to see OIL to rise more in value the price should stay above 86.90
If the correction will develop lower than 86.90 than we may face a very complex price
development that can push the price lower but it can also create anything strange as well.
Thank you and Good Luck!
Trade closed: target reached:
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