Oil is doing exactly what I was waiting for.
It's crawling day after day with green candles. I want to prepare you that most probably on Monday we will have a testback to the 10 EMA on the daily chart. So we will have a red candle.
I know that we would like to see as price just running to moon. But that's not going to happen.
We need the support of the 10 EMA to rally above 50...
So most probably on Monday or as soon as we test the November high we will stop a little bit and come back to the 10 EMA.
(PLease see the 4hrs chart post also.)
It's crawling day after day with green candles. I want to prepare you that most probably on Monday we will have a testback to the 10 EMA on the daily chart. So we will have a red candle.
I know that we would like to see as price just running to moon. But that's not going to happen.
We need the support of the 10 EMA to rally above 50...
So most probably on Monday or as soon as we test the November high we will stop a little bit and come back to the 10 EMA.
(PLease see the 4hrs chart post also.)
We are very close to the 10 EMA. Tomorrow we will test
it back but I would like to see the close above the 10 EMA.