A historical support line presents it self on the energy commodity. A simple analysis. Will the support line hold, or will it be broken and see some decade lows. At this point one can expect a possible test of the support, a fake out to the downside or a steady move upwards.
Strat: Swingtrade1
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Price seems to have reacted to the historical support and is moving upwards. if stoch and RSI begin to move out of extreeme sold level,and price continues trending up, a powerful new uptrend may form.