monthly is
Bollinger Band's five lines still look like all clear upwards. Prices is supported by 25MA in the summer 2017 (June to September), and resisted by +2 sigma in January and February. So, I think Oil is bullish market for long-term because prices fluctuate between monthly 25MA and monthly +2 sigma.
But prices in February stalled and pierced monthly +2 sigma. so I think it decline to 25MA.
Bollinger Band's five lines still look like all clear upwards. Prices is supported by 25MA in the summer 2017 (June to September), and resisted by +2 sigma in January and February. So, I think Oil is bullish market for long-term because prices fluctuate between monthly 25MA and monthly +2 sigma.
But prices in February stalled and pierced monthly +2 sigma. so I think it decline to 25MA.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.