07-06-2016, 16:45 @UnknownUnicorn129775 write 5 hours ago -
Seems like 50 $ are acting like a difficult resistance for oil. I would expect a re-test of 48 $ and maybe a breakout of it's main trend as we already bounced 90% from bottom, crashing to 38$ to start forming a right shoulder.
Note: The H&S is a possibility I considere and would be perfect in TA/FA as OPEP didnt do anything and oil production is still high.
Regards!
Seems like 50 $ are acting like a difficult resistance for oil. I would expect a re-test of 48 $ and maybe a breakout of it's main trend as we already bounced 90% from bottom, crashing to 38$ to start forming a right shoulder.
Note: The H&S is a possibility I considere and would be perfect in TA/FA as OPEP didnt do anything and oil production is still high.
Regards!
