This is part one (1) of two analyses. This is
of course on daily basis. You should pay
attention to the number 2 on indicator and
on graph. The price where took a lower low
but MACD took a higher low. A positive divergens.
What to expect? Saudi Arabia will only free oil
production if Iran joins. This fundamental news
puts pressure on oil. It is likely we will see
a rebound on prices of 32-33 USD/per barrel.
of course on daily basis. You should pay
attention to the number 2 on indicator and
on graph. The price where took a lower low
but MACD took a higher low. A positive divergens.
What to expect? Saudi Arabia will only free oil
production if Iran joins. This fundamental news
puts pressure on oil. It is likely we will see
a rebound on prices of 32-33 USD/per barrel.
