See yesterday high was just a pip higher then the previous high found on 15 Dec 2016.
This is a sign of SPF candle bar formation.
I am now monitoring on 60M chart for a confirmed reversal closed candle bar as my entry trigger point.
This is a 3 points touched trendline, therefore, 1263 level gives strong support. The closed of the next 1 hr and 4hr bar is crucial to give us the information if Buy signal around 1263 will provided here!
Oil is currently doing a sell correction , I believe Oil is being bullish here Technically on Daily and Weekly.
I expect it to go as high as 59.42.
I am expecting to join this upward rally once the sell correction completed.
Business area to Buy at 49.30 – 49.98
Buy bias aim for 2R or above.