Here is my take on OIL at the moment.
OIL is at a critical point, where it might either break out and reach $58.60 - $58.80 before falling back to $53.30 or lower.
As it is in a diamond formation, I expect a break down to $55 area first. But as I was analyzing past patterns, when it has broken resistance at and subsequently bounced from $56.50 it tends to touch $58.50 area before falling. I see both as possible routes, but either way my end analysis is short.
OIL is at a critical point, where it might either break out and reach $58.60 - $58.80 before falling back to $53.30 or lower.
As it is in a diamond formation, I expect a break down to $55 area first. But as I was analyzing past patterns, when it has broken resistance at and subsequently bounced from $56.50 it tends to touch $58.50 area before falling. I see both as possible routes, but either way my end analysis is short.
Nota
Gann Fan from June 12 shows similar levels and results
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.
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.