Hey guys!
Quick long idea for oil chart, we're moving right now in the raising flag which is bearish, but we can to trade the long till red resistance line.
Reasons to open positions:
1) The Awesome Oscillator is close to change the direction to upside, and we can see the similar movement before
2) By moving into the flag we cross the support lines, and we...
IF EMA200 DAILY BREAKS OIL WILL GOES UP , IF CANT ,WILL ZIGZAG UNDER EMA200 DAILY
accelator occilator(AC) in 30&240min show ,little down then oil will moves up
WHEN AC IS GREEN,NEVER SELL,LOOK FOR BUY ONLY
IF EMA200 DAILY BREAKS OIL WILL GOES UP , IF CANT ,WILL ZIGZAG UNDER EMA200 DAILY
accelator occilator(AC) in 30&240min show ,little down then oil will moves up
WHEN AC IS GREEN,NEVER SELL,LOOK FOR BUY ONLY
All non-OPEC producers were called upon to help stabilize the market b'cos their role was as critical as the role of OPEC members- and as we all know Oil demand is expanding at enormous healthy rate despite the slower global growth. - Eyeing = 56.1 very soon (within 2weeks)
One of the famous oil investors suggest that freezing production or in other words...
CL_f has bounced of support @ 48.40 while prev. week has supported break above this level. this is possibly last area of resistance before move back to 49.x ish level.. considering playing Spread to take advantage of range between - 50 / 47
