Bull and Bear

Week25_Oil Analysis

elp25
Publish date: Sun, 17 Jun 2018, 03:25 PM
elp25
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Following Message

Oil Analysis
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click for image:
https://www.facebook.com/KLSELION/photos/a.854214074738461.1073741829.848454415314427/992909130868954/?type=3&theater
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Oil closed $64.xx with very bearish PA yesterday... 
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Long term :
bullish

Mid term:
slightly bearish

short term:
very bearish
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with yesterday closed, we expect oil would trend lower....
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Resistance:
$66, $67

Support
$63 , $60
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our view remain bearish for the short-midterm ... no sign of bullishness yet. would like to see what is the price reaction on $63 or $60 levels... will update once significant PA show up..
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MAy the trend be with you~

trade safe!

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