Oil EW analysis (2015-06-10)
Oil is in consolidation for nearly one month. Now it breaks out of the consolidation area and aims to higher value. Because of the overbought and divergence, it might retrace a little bit and then move higher with the initial goal of 63.7.
It will be a good opportunity to buy when it retraces. The retrace goal is around 60.2.
No trigger, no trading.
Good luck!
It will be a good opportunity to buy when it retraces. The retrace goal is around 60.2.
No trigger, no trading.
Good luck!
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