themarketzone

Bullish Gartley and a monthly MA line in focus

Panjang
themarketzone Telah dikemas kini   
NYMEX:CL1!   Hadapan Minyak Mentah Ringan
Last week Oil price broke below a daily uptrend line and crashed all the way down to hit the monthly 18 SMA line (Monthly Fast MA line).
In addition to the monthly support line Oil also completed a bullish Gartley.
The Gartley and the monthly line will be in focus in the coming weeks as Oil will become more volatile as we approach OPEC's meeting.

Potential upside - Oil can climb and test 48-50$ as resistance
Thoughts?

#WeeklyMarketsAnalysis on Twitter
Komen:
Approaching target zone
Dagangan ditutup: sasaran tercapai

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.