I base my analysis on this Monthly chart, from what I can see Oil has come to an area of demand and I believe we could get a bounce here for a target of 25.50. 20 Handle seems to be holding at the moment and building a base for a push higher. I can see another level at 19.50 if 20 handle does not hold. I am keeping an eye at the moment.
코멘트:
There is a gap between 36 to 42 Handle which needs to be filled, but I see that as a longer term target.
액티브 트레이드:
Oil started its move finally and just trading above 21 Handle. Based on US data coming on Thursday and Friday we might have 30 Handle as our second Target.
액티브 트레이드:
We have hit a little speed bump at 22.35 to 23 area but this should not stop the price to move higher.