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.

تعليق:

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.

تعليق:

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.

تعليق:

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.

تعليق:

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.

تعليق:

4 hrs support is at 10 EMA ( red )

تعليق:

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