AUDNZD hitting a raising range-bottom around 1,0530 area. In combination with a clear CCI-divergence it's
a good place to go long with a good R/R.
Entry 1,0530-1,0550
Stop 1,0475
T1 1,0750
T2 1,0990
In a clear downtrend, but time for a reversal towards 200 MVA? Note the previous divergences between price and CCI
I believe the increasing lack of storage-facilities will force down the overproduction in the medium-term. And that might be the start of the oilprice-bottom....