Oil has held the $64.17-$67.075 zone for the last 3 months and has finally started to curl to the upside. I think we will continue to see it rise into the fair value gap on the weekly chart and then target the next highest fair value gap on the daily chart.
Ideal entry is $71.83 or lower
Stoploss @ $70
Target 1: $76.74
Target 2: $79.91
Target 3: $81.71
Ideal entry is $71.83 or lower
Stoploss @ $70
Target 1: $76.74
Target 2: $79.91
Target 3: $81.71
Comment:
Nice move to the upside today. Moved stop into profit and will continue to raise it as price hits the targets.
Comment:
Target 1 hit. Expect some retracement here and then a continuation to the upside