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 bullish momentum to show up soon.
Please "like" and "Follow" Me for free & accurate analysis. s0nic
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Oil
Congrats to those who heed my warning on Oil. Nice rise we had.
Trade active
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WTI (Oil)
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.
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OIL
Did you heed our advice/suggestion on the pending OIL sell down before it happened?
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.
Press "like" and Follow for accurate and free trade signals.
s0nic
Tara
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I earned a very handsome profit from oil last week. Thank you very much!