quantguy

Oil Hits Our Next Profit Target!!

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NYMEX:CL1!   轻质原油期货
Oil has reached our target of 95.24, where a red triangle on the KRI confirmed resistance, followed by a retracement. We are seeing good support at 92.03, confirmed by a green triangle on the KRI. The Kovach OBV is still very bullish, with the brief retracement failing to budge it. Thus we have no indication of a reversal any time soon, and are still bullish of oil. It does appear to be looking top heavy, so we can expect a retracement soon, with 90.06 the first candidate for support below. Our next target is 96.88, when momentum resumes.

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