Today oil successfully finished its testback. We couldn't break below the 100 EMA.
We rallied for the neutral oil data. ( Just saying I'm 100% sure that Saudis are cutting)
As I'm writing this we just broke to new highs. This is the moment when trapped bears
are getting really nervous. I think we don't need too much time to test the 200 EMA at 42.50. Before that we might have a little rest at the last year December 's breakdown around 40 $ .(highlighted in blue)
I just want to prepare you for a curveball tomorrow. We might not continue the breakout but making one more red marubozu candlestick- for the 10 EMA to catch up the price - and on Friday another green one which breaks significantly above 38.40.
I tried to draw into the chart these scenarios.
1. 60% chance
2. 20% chance
3. 10% chance
We rallied for the neutral oil data. ( Just saying I'm 100% sure that Saudis are cutting)
As I'm writing this we just broke to new highs. This is the moment when trapped bears
are getting really nervous. I think we don't need too much time to test the 200 EMA at 42.50. Before that we might have a little rest at the last year December 's breakdown around 40 $ .(highlighted in blue)
I just want to prepare you for a curveball tomorrow. We might not continue the breakout but making one more red marubozu candlestick- for the 10 EMA to catch up the price - and on Friday another green one which breaks significantly above 38.40.
I tried to draw into the chart these scenarios.
1. 60% chance
2. 20% chance
3. 10% chance
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.