Marathon Oil - change of price movement
Now that we made - hopefully - profit to the up side; it is time for price correction and go a little bit to the down side.
Now that the news came out the the great oil rally of 2018 could be coming to an end due to OPEC may be pumping more oil and the proposed U.S. sanctions against Iran and that the U.S. has more oil invetory than expected.
At the top of the chart we can see two gaps and that is what is called island reversal.
Sell target to fair value target price of 18.00
Now that the news came out the the great oil rally of 2018 could be coming to an end due to OPEC may be pumping more oil and the proposed U.S. sanctions against Iran and that the U.S. has more oil invetory than expected.
At the top of the chart we can see two gaps and that is what is called island reversal.
Sell target to fair value target price of 18.00
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