Oil A Buy?
Updated
Oil Looks like it hit a major buying zone:
1) Major support;
2) Touched Up trend line;
3) Still holding above 200 EMA;
4) RSI performing positive reversal is in place ( vertical gray line on chart), signaling a correction in the up trend;
Target(s) 67.50$, 69.25$
Stop: 65.55$
1) Major support;
2) Touched Up trend line;
3) Still holding above 200 EMA;
4) RSI performing positive reversal is in place ( vertical gray line on chart), signaling a correction in the up trend;
Target(s) 67.50$, 69.25$
Stop: 65.55$
Trade active
First target 67.50$ reachedTrade closed: stop reached
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