OIL IDEA MID TERM
Looking at the chart I think we have 2 options.
The firts one (most unlikely) is price to go up around $40 and test the resistance once again. Firts, price needs to break 38.9-39 to continue up.
If price doesn't break 38.9-39 I would say is short to 34.5 (big support) and if it breaks there, we can look down to 32 even 31.
Now price is holding at MA4. Waiting for a breakout.
Updates in comments.
Feedback is really appreciate.
The firts one (most unlikely) is price to go up around $40 and test the resistance once again. Firts, price needs to break 38.9-39 to continue up.
If price doesn't break 38.9-39 I would say is short to 34.5 (big support) and if it breaks there, we can look down to 32 even 31.
Now price is holding at MA4. Waiting for a breakout.
Updates in comments.
Feedback is really appreciate.
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