A month ago, I said oil price would fall back to $ 40-42 per barrel The lowest price of this decline is $ 42.07 At the moment, I see some signs that price is rebounding
On daily chart : -It still activates in a descending triangle -Price touches the support lines and bounce up -MACD signal
On H4 chart : Price was the down channel
On monthly chart :
Komen
⋅
Komen
⋅
Komen
⋅
Komen
Jafx
⋅
Hi Trung do you think this will hold at 46 after todays -6.3 mil?
How much would it mean economically if it rebounded to the January 2017 or so price? Does it need to recover above that level? Or is this more about USOIL being at or above a certain price?
trung.nguyenduc1708
⋅
@ccrepon88, I only use technical analysis for analysis.This is the highest price range it can recover.It can reach that level or not.We'll see