Good Day All,
Oil rally would only be possible IF the price close above the resistance area 61.60USD area in Weekly Chart. AO in Week
In daily Chart, we can see that the candle has closed above the bollinger band which signifies that BUYER RALLIES yesterday. (Momentum Buy is there).
H4 has made a divergence with AO. Daily has made divergence. Price could be bearish till 51.57 - 49.05 supply area the lowest. and rallies up to 69-75USD.
Trade at your own risk! :)
Cheers!
Oil rally would only be possible IF the price close above the resistance area 61.60USD area in Weekly Chart. AO in Week
In daily Chart, we can see that the candle has closed above the bollinger band which signifies that BUYER RALLIES yesterday. (Momentum Buy is there).
H4 has made a divergence with AO. Daily has made divergence. Price could be bearish till 51.57 - 49.05 supply area the lowest. and rallies up to 69-75USD.
Trade at your own risk! :)
Cheers!