Most probably price will be trending in the channel .
The move will depend on how nervous will be
the market... (Green and purple inside the channel)
Next week price will attack again the daily 200 but I think we won't break it next week.
We can have a pullback to 38$ early next week.
In the next 1 month I think we will reach 50$ at least.
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.
WE came back to the 10 EMA on the 4hrs chart.
THey are pricing the DOHA agreement.
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.
Wow. That was fast.
then try to invest into some oil shares or oil related vehicles like ERX oil GASL....
I posted a few shares ( LGCY, VALE, SXE etc...) they will run for 1-2 years. When oil will just be in a rage for months these shares will trend up for months...