Oil is hanging on a box in h4 chart.
This time it has been bounced from bottom and might retest the topper.We can see some good resistances between the box.We have seen the breaking of 200 EMA already between the box.We expecting it will test the topper of the box and most probably it might break the topper with the resistance.If successfully break the topper of the box we can go buy for a long otherwise we have to wait for the bounce back again from the bottom or might be break the bottom.
But we are looking forward to buy OIL
For your not we have draw another top and bottom between the box and the market price is now just testing the topper and looking unable to breaking it.So let's wait to break the insight topper first then we will keep on eye on the box
Have your best trading.
This time it has been bounced from bottom and might retest the topper.We can see some good resistances between the box.We have seen the breaking of 200 EMA already between the box.We expecting it will test the topper of the box and most probably it might break the topper with the resistance.If successfully break the topper of the box we can go buy for a long otherwise we have to wait for the bounce back again from the bottom or might be break the bottom.
But we are looking forward to buy OIL
For your not we have draw another top and bottom between the box and the market price is now just testing the topper and looking unable to breaking it.So let's wait to break the insight topper first then we will keep on eye on the box
Have your best trading.