10-Mar-18 Oil Analysis...
.
.
Oil support holds...
.
.
previous analysis:
https://www.facebook.com/
.
.
.
.
.
Click for image:
https://www.facebook.com/KLSELION/photos/a.854214074738461.1073741829.848454415314427/935348023291732/?type=3&theater
.
Price, bounce from the support level we mentioned earlier.... @ $60-61 zone
.
.
.
Long term
Bullish
.
.
Mid Term
Bullish.
.
Short term
Slightly Bullish (refuse to go lower)
.
..
.
as notice, the high is getting lower, but the low is getting higher ...
.
chart pattern wise, it is forming a so-called Symmetrical-Triangle..... if break upwards it could be very bullish for oil, but ofcause, there are few imporant levels to watch...
$63 , $64 , $66 (these were previous rejection levels)
.
.
if break above $66, next would be $70...
.
.
on the other hand....
if Support fail to holds, price could goes as low as $59 and next $57. ... then $55
.
.
.
Our view are remain bullish on oil (mid-long term)
.
.
May the trend be with you
.
.
Trade safe!
.
.
follow our Telegram:
https://t.me/KLSELION
.
.
Follow our FAcebook:
https://www.facebook.com/KLSELION/
Created by elp25 | Nov 16, 2024
Created by elp25 | Nov 09, 2024
Created by elp25 | Nov 09, 2024
Created by elp25 | Nov 02, 2024
Created by elp25 | Oct 26, 2024