SBA Oil, I am expecting market to move further down to retest 679 price area. Expecting structure to be a diagonal.Overall buy market at 679 area, and if already in this trade hold position.
With a break and close above 625cps yesterday, Standard Bank WTI Oil ETN (SBAOIL) moved back into its trading range for March and April, with the 8-day Exponential Moving Average (EMA) getting mighty close to break above its 21-day EMA. A break could be very positive for the short-term share price, with the Momentum clearly also picking up. Should we see a...
