Bull and Bear

Week27_Oil Analysis

 1July2018 Oil Analysis..

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if refer back to our previous analysis , we have been mentioning oil is very bullish.....
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and yes, .. for whatever reason, we just let chart speak..... 
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price break previous high ($72.xx) fiercely , which turned into support.... price may revisit to support level as $71-73 zone.... and not surprise if price re-visit to $70 levels...
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overall, it is still very bullish.. only look for long opportunity...
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Long term:
bullish

mid term:
bullish

short term:
very bullish
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Oil next Resistance is $80-85 level... expect price may retrace in order to get higher...
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well, it is still early to say if oil will break $100....... although what we see , the ultimate Resistance would be $110 level.. BUT... still early to judge.. lets review week by week.. 
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may the trend be with you~

trade safe!!

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