USOIL-BUY strategy
No change in view.
I prefer to be long rather than sell side. I feel fundamentally nothing has changed and still an ongoing crisis.
Further, we are support Fib. $ 88 area and trend line below $ 94.70.
The strategy is then to BUY $ 97.50-99.50 and take profit $ 120-125. Stop-loss for short-term @ 94.00 and for more patience below $ 87 for now.
The stochastic is on low side but negative. The RSI is neutral.
I prefer to be long rather than sell side. I feel fundamentally nothing has changed and still an ongoing crisis.
Further, we are support Fib. $ 88 area and trend line below $ 94.70.
The strategy is then to BUY $ 97.50-99.50 and take profit $ 120-125. Stop-loss for short-term @ 94.00 and for more patience below $ 87 for now.
The stochastic is on low side but negative. The RSI is neutral.
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