OVERALL SENTIMENT CONDITIONS SELLERS HAVE MORE CONTROL. PRICE TENDS TO MOVE IN WAVES AND CURRENTLY THERE IS A STRONG TRIPLE TOP PRESENTS FOR PRICE TO BREAK SHORT. - POTENTIAL TP: 0.99555
- MARKET STRONGLY BULLISH. - PRICE HAS A STRONG POSSIBILITY TO KEEP IN TREND AND CONTINUE BULLISH. - GO LONG ( BUY ) BREAK. POTENTIAL TAKE PROFIT: 1.32000
We can see that prices for Oil have dropped drastically over the past 2 weeks with a previous a consolidation phase and Bullish channel being broken. Bat formation is visible followed by a five drive pattern formation hoping for price to keep above major support area 50.48 and retest for a long position to level 65.00 as a TP. Keep note that oil prices are...