It is fun looking at different ways of analyzing market. Using Kagi is a good way to see what the moves has been and where it likely can go. The pattern still within a triangle, and combining the state of market, BUYING pressure still exists on OIL.
For now I am neutral with but inclining to go LONG current levels. The move higher is possible with positive aroon, but flattening, indicating we are For now I think.in BUY mode, but not a quick one.
Strategy BUY current 103.00-104.00 and place stop-loss below 95.00. Profit order likely around $ 115-120.
For now I am neutral with but inclining to go LONG current levels. The move higher is possible with positive aroon, but flattening, indicating we are For now I think.in BUY mode, but not a quick one.
Strategy BUY current 103.00-104.00 and place stop-loss below 95.00. Profit order likely around $ 115-120.