Without the doubt, the primary trend/main one is Uptrend (9 months and above )and we have medium trend of DOWN.
It may go down to levels ushc as 63 or even 60, but I am expecting we shall we upward momentum soon.
Soon, get ready to take TP from your short (or) soon there shall be some momentum to show up soon.
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Congrats to those who heed my warning on Oil. Nice rise we had.
It is no doubt that we are in STRONG uptrend and any sell down shall be short-lived and considered as Counter Trend.
BUT for now I am seeing $74 is acting as minor resistant and it may be priming for a good short-term sell down.
It can go to $72 or $71.
Be quick and Be Nimble.
Did you heed our advice/suggestion on the pending OIL sell down before it happened?
It went down as expected.
Congrats to you. TP hit with $71.
We are in a VERY STRONG BULL TREND.
There will be minor pullbacks along the way for sure.
Do not get carried over a small opportunity. If you are not being careful, you can get rolled over.
For me, at this moment, every pullback is a good chance to load up and LONG.
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