Oil Long Idea
- Oil
I have noticed oil seems to be holding well above the $45.00 region , price seems be reject this region.
My analysis for this commodity projects a long idea , I believe if we get a clean bullish close weekly close next week we may see oil surge quickly up to even possibly the $55 weekly resistance area.
Long term target would be $60.00 per barrel. We may see this in the next few months.
I have noticed oil seems to be holding well above the $45.00 region , price seems be reject this region.
My analysis for this commodity projects a long idea , I believe if we get a clean bullish close weekly close next week we may see oil surge quickly up to even possibly the $55 weekly resistance area.
Long term target would be $60.00 per barrel. We may see this in the next few months.
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