Bull and Bear

10-Mar-18 Oil Analysis...

10-Mar-18 Oil Analysis...
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Oil support holds...
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previous analysis:
https://www.facebook.com/KLSELION/photos/a.854214074738461.1073741829.848454415314427/934699346689933/?type=3&theater
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Click for image:

https://www.facebook.com/KLSELION/photos/a.854214074738461.1073741829.848454415314427/935348023291732/?type=3&theater
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Price, bounce from the support level we mentioned earlier.... @ $60-61 zone
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Long term 
Bullish
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Mid Term
Bullish.
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Short term
Slightly Bullish (refuse to go lower)
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as notice, the high is getting lower, but the low is getting higher ...
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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)
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if break above $66, next would be $70... 
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on the other hand....
if Support fail to holds, price could goes as low as $59 and next $57. ... then $55
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Our view are remain bullish on oil (mid-long term)
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May the trend be with you
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Trade safe!

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