Most of the OPEC countries are going to boost oil production so I don't see any uptrend.
Bullish trend kick in after breaching 72.20 and holding above it otherwise decline will continue.
Bullish trend kick in after breaching 72.20 and holding above it otherwise decline will continue.
Comment:
Oil traded positively to breach 69.20 and settles above it, as holding above 69.20 will push the price to achieve more gains and test 70.66. From 70.50 I will take a short trade for 66.75.
Next Wed is important.
Next Wed is important.
Trade closed: target reached:
Classical trade... target reached now waiting for long signal & confirmation but long trade depands on tomorrow inventory
TP: 66.65