Two week target: Oil is looking like it may be accumulating as buyers appear to be holding the 46.5 level. A weekly candle close this week above 47.78 will confirm my target price of 49.53 to possibly be tested next week. Long a 2 hour candle close above the trend line; or a retrace back to it.
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Trend line broke, woohoo! I am now looking at 47.13 support and will add long position on a drop to 47.22.
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My expectation is that this will still come to fruition if the lower channel line is www.tradingview.com/...ibution-Range-Ahead/
d.stockcharts.com/im...3650198402906768.png