After breaking down the 200 MA 8 days ago oil recovered. We had 2 down days and almost tested back the 200 MA again.
I was waiting for a trick but it seems Saudis really want now oil to go up again. So their statement was true yesterday as today we had a follow through. I catched the bottom at the 200 MA so I'M not worried missing these 2 days.
I'M almost sure that we are not going to break below 39$. The rally is starting.
Today we broke above the 50 EMA. Usually we have a small pullback from this level - 1 red candle- so I'm planning to add to my position on Monday.
If you nervous to get left behind at the station one can start a position today before the close and add on Monday.
We will be buying every dip from now as a new intermediate cycle is starting. We have weeks to run.
I was waiting for a trick but it seems Saudis really want now oil to go up again. So their statement was true yesterday as today we had a follow through. I catched the bottom at the 200 MA so I'M not worried missing these 2 days.
I'M almost sure that we are not going to break below 39$. The rally is starting.
Today we broke above the 50 EMA. Usually we have a small pullback from this level - 1 red candle- so I'm planning to add to my position on Monday.
If you nervous to get left behind at the station one can start a position today before the close and add on Monday.
We will be buying every dip from now as a new intermediate cycle is starting. We have weeks to run.
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.