Resistance is met, further details are in the chart.
التعليقات
smitheric1970
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good analysis sir! I am of the same mind, expecting potential range/consolidation first?
ElPatron.Y
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Smitheric, where have you been mr oil I call you, whenever you call something I must listen, so please tell me what do you see? I have 4 targets, at least the first target would be nice to be seen.We then might have a potential inverted head and shoulder on the daily.
smitheric1970
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Good to be back in touch! Well It's difficult in my opinion currently, we are definitely at a strong previous resistance level from end of 2015 prior to the last breakdown. I would like to see some sideways ranging for a few weeks that may be an indication of a distribution range. Similar range and time as last year. Keep in mind, if we break up higher, there is a gap at 56.51 level but my assumption is that prices will distribute here. Have a great weekend!
ElPatron.Y
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I absolutely agree, but there are also gaps below 30's. Which will be picked first?