Hi,
In 23 minutes, we will have report about Oil stock. Chart is telling us that price should rise. Level 70.50 become strong support.
We have two brown swing look like we should have third rising swing in order to create matrix.
I am ready to trade. Are you?
Good Luck,
Jim
Our preference: buying position above 56.75 with targets at 57.87 & 58.00 in extension.
Alternative scenario: in break of 56.75, a continuation of the decline will be possible with 56.10 & 55.65 in the line of sight.
Comment: the RSI is mixed and calls for caution.
Our preference: sales position below 46.28 with targets at 45.65 & 45.25 in extension.
Alternative scenario: exceeding 46.28, aiming for a continuation of the increase with 46.80 & 47.57 in line of sight.
Comment: The RSI is mixed and calls for caution.
