OIL - wait for long positions
Updated
On daily chart bullish flag has formed.
However if we look at weekly situation it's more like SHS formation. The last big bearish candle telling us that more drope is comming. The best place to take long postions is 40.00 / 37,50 area. Stop loss 34,92.
However if we look at weekly situation it's more like SHS formation. The last big bearish candle telling us that more drope is comming. The best place to take long postions is 40.00 / 37,50 area. Stop loss 34,92.
Note
new OIL analys here :
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