#USOIL - Nearing Target - #oil #usd
As we continue to follow this chart, we thought it worthy to comment on a few structural points here, namely the overcoming of major support areas that were established in the 34.50 to 35.00 range.
At this point, any rallying should take into consideration the probable capping of such adverse excursion against that range (support-turned resistance concept).
David Alcindor
4xQuad
As we continue to follow this chart, we thought it worthy to comment on a few structural points here, namely the overcoming of major support areas that were established in the 34.50 to 35.00 range.
At this point, any rallying should take into consideration the probable capping of such adverse excursion against that range (support-turned resistance concept).
David Alcindor
4xQuad