BCOUSD @ 60 min. Chart @ suggests price pressure until 48 USD

OANDA:BCOUSD   Brent Crude Oil
The big picture is still looking pretty bullish
Based on daily charts , an outbreak above 54 is only a question of time - this month or even january`17 ...
But the short term makes me afraid last 24 hours and even suggests me price pressure even unbtil 48 USD ?!

How ever the short-tmer chart is pretty bearish even under 52.500 BCOUSD
Why ??? Let me shortly excplain ...
  • the daily sma broked even around by 52.500
  • the weekly sma broked even around by 52.500
  • the monthly is more or less even around by 48.000

Take care
& analyzed it again
- it`s always your decission ...
(for a bigger picture zoom the chart)

Best regards
Comment: new setup for penultimate week of this year 2016 you can get here :)


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