The Current Big Trend of Oil is Up, the weekly chart below using a setup of Sywa Channel Trade Strategy shows a Buying Opportunity

Oil Weekly Chart


The Daily Chart also showing a potential of upward movement, if the movement persist and Breakthrough the EMA 55 (purple lines), the next Resistance will be the last fractal lines. 

Oil Daily Chart


   Recent Storm on the Mexican gulf and USA also becoming the supporting fundamental for Bullish Oil. Here is the piece of the article Oil Up, Producers Brace for Potential Gulf of Mexico Hurricane


In Summary :

Trading Position: Bullish

Trading Target : 72.00





Add comment

Security code