The breaking of 55 level on Friday put the latest Oil rally in doubt. A break of 51 zone will open up the possible drop to 47-48 area. A break above 58 zone will open up mid 60s. It is likely we will have to go down significantly into a value zone to attract more value buyers. Should it be 50 or 40?
The 2017 bottom 42 was able to rally into 66, with a drop to 58 in 2018 we were able to rally into 76, where is your realistic value zone?
The 2017 bottom 42 was able to rally into 66, with a drop to 58 in 2018 we were able to rally into 76, where is your realistic value zone?