OIL - THE NEXT BIG THING
Updated
It's a strong long now. OIL had bottomed.
Daily chart MACD is crossing over again with a higher low.
10 EMA and 20 EMA is crossing over, and today will be the 4th day price is above the 10 and 20 EMA.
There's a huge divergence between the price and the MACD and RSI indicator: while the price was printing a lower high on 02.11. MACD and RSI was making a higher low.
This is a strong buy signal for me.
I don't care what the Saudi's are lying about not cutting the production.
This chart is showing me that price can break out any day.
Don't wait for getting a short message from OPEC that: "Tomorrow afternoon we will cut production so if you want to make big money get in position tomorrow in the morning "
Price will skyrocket, if you are not in a position you will be left behind.
Daily chart MACD is crossing over again with a higher low.
10 EMA and 20 EMA is crossing over, and today will be the 4th day price is above the 10 and 20 EMA.
There's a huge divergence between the price and the MACD and RSI indicator: while the price was printing a lower high on 02.11. MACD and RSI was making a higher low.
This is a strong buy signal for me.
I don't care what the Saudi's are lying about not cutting the production.
This chart is showing me that price can break out any day.
Don't wait for getting a short message from OPEC that: "Tomorrow afternoon we will cut production so if you want to make big money get in position tomorrow in the morning "
Price will skyrocket, if you are not in a position you will be left behind.
Trade active
LONG
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