Oil reached target zone and now testing strong daily resistance
49-50$ was the weekly resistance zone I mentioned in this week's newsletter (subscribe on my website)
The focus was on the MA lines (200 and 50) that, for now, hold Oil from advancing higher.
Stop loss for bearish swing trades should be at least above 51$
First target zone - 48$
The focus was on the MA lines (200 and 50) that, for now, hold Oil from advancing higher.
Stop loss for bearish swing trades should be at least above 51$
First target zone - 48$