We are above the 200 EMA again.
If we can stay here oil will shift gear : shorts will be covered above 42$.
In a very short time we will be at 45-46$.
If we can stay here oil will shift gear : shorts will be covered above 42$.
In a very short time we will be at 45-46$.
Note
It's starting...Bears will give up today.
Note
Today we confirmed that we are in the 2nd daily cycle.Oil could rally despite the bad news (saudi trick etc...)
Can you imagine what will happen if we get some good news?
I'm waiting for 2-3 weeks of continuous run with small daily pullbacks till the middle of May.
I will take profit at 52-55$ when all the bears who stopped out today will get on board in the hope of a 100$ oil.
Note
Oil's speed is 1$/hour.Note
I'm closing my SXE positions.Only the SXE. It's in +42% today.
Note
Southcross Energy Partners shares
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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.