In my honest opinion I think Oil should be priced much higher but politicians are not helping.
1) looking at a short into this former resistance zone watching for reaction off gp a break above would take us to 0.7071
2) would be looking for support off of any former resistance.
3) rsi has room to move up still.
4) watching macd
Oil should be trending much higher but the continued and never ending Fud is keeping prices real volatile. Watch Ovx for confirmation.
My low target is $55/bbl
high is $118- $128/bbl
1) looking at a short into this former resistance zone watching for reaction off gp a break above would take us to 0.7071
2) would be looking for support off of any former resistance.
3) rsi has room to move up still.
4) watching macd
Oil should be trending much higher but the continued and never ending Fud is keeping prices real volatile. Watch Ovx for confirmation.
My low target is $55/bbl
high is $118- $128/bbl