With recent discussion regarding oil and the stable output flow agreed with the suppliers, oil has seen a boost in recent days, however I re-bring this chart back up because oil is at an important milestone.
The scenarios remain the same, however if oil rejects the two trend lines which currently it has however we need to wait and observe confirmation that a rejection has taken place before entering short. Alternatively, it may climb to the upper trend line before resuming south again.
Keep your eyes peeled on confirmation against those trend lines!
For more information, please sign up to my website which is in development but can accept new subscribers for the time being: www.ejfxtrading.com
The scenarios remain the same, however if oil rejects the two trend lines which currently it has however we need to wait and observe confirmation that a rejection has taken place before entering short. Alternatively, it may climb to the upper trend line before resuming south again.
Keep your eyes peeled on confirmation against those trend lines!
For more information, please sign up to my website which is in development but can accept new subscribers for the time being: www.ejfxtrading.com