Analsis:
It's been a while since I have traded oil mainly because of the uncertainty caused by the war in the middle.
One of two scenarios could happen:
Oil could bounce of the weak support and head to the strong resistance
OR
The more likely scenario it could go and test the strong resistance at 86.415.
If it manages to break the strong resistance at 89.900, it will ascend to the heavens.
Let me know what you think in the comments.
Thank you
It's been a while since I have traded oil mainly because of the uncertainty caused by the war in the middle.
One of two scenarios could happen:
Oil could bounce of the weak support and head to the strong resistance
OR
The more likely scenario it could go and test the strong resistance at 86.415.
If it manages to break the strong resistance at 89.900, it will ascend to the heavens.
Let me know what you think in the comments.
Thank you