Current daily candle suggests a reversal.
Hi Folks:
After a break up of the previous descending channel and comparing with the USOIL, it all points to a possible reversal at this area after the Xmas rally.
Fundamentally speaking it made not much sense with my knowledge but that's the way oil surprises us constantanly.
In spite of the rally my POV and target remains unchanged (64 followed by 60).
STAY SAFE. Cheers
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Remember, if you liked this idea don't forget to click LIKE and FOLLOW. That will encourage me to continue charting for you.
After a break up of the previous descending channel and comparing with the USOIL, it all points to a possible reversal at this area after the Xmas rally.
Fundamentally speaking it made not much sense with my knowledge but that's the way oil surprises us constantanly.
In spite of the rally my POV and target remains unchanged (64 followed by 60).
STAY SAFE. Cheers
-------------------------------------------------
Remember, if you liked this idea don't forget to click LIKE and FOLLOW. That will encourage me to continue charting for you.
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