OIL - Next week

Next week Sunday we have the Oil Producer Meeting in DOHA.
Most probably price will be trending in the channel .
The move will depend on how nervous will be
the market... (Green and purple trendlines inside the channel)
Next week price will attack again the daily 200 EMA but I think we won't break it next week.
We can have a pullback to 38$ early next week.

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If price is coming back to 38$ it can be a good entry point for the test of 200 EMA or for the break above it.
In the next 1 month I think we will reach 50$ at least.

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Oil is really going crazy in the opening.
Shorts are in panic. I hope you are all long or at the sidelines...
I'm quit sure we come back to the 20 EMA at the 4hrs chart.
If you are not in wait patiently.

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I have a feeling that the pullback is done.
WE came back to the 10 EMA on the 4hrs chart.
THey are pricing the DOHA agreement.

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We are crawling on the upper trendline.
Heading to the daily 200 EMA. ( 200 SMA is already broken it was at 40,5- I prefer the 200 EMA)
They are pricing the DOHA agreement.

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4 hrs support is at 10 EMA ( red )

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Arrived to the 200 EMA.
Wow. That was fast.