Oil analysis update on daily chart (2016-03-12)
Oil will meet a huge resistance at around 39.8. The daily RSI also shows a divergence. These will result the pull back soon.
But from time cycle analysis, the correction wave does not finish yet. After the pull back, oil might go up again to 43.5.
Good luck for everyone!
But from time cycle analysis, the correction wave does not finish yet. After the pull back, oil might go up again to 43.5.
Good luck for everyone!
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.