Intraday Strategy
Morning Traders! Asian did what they suppose to - drive the price up on bullish report earlier today. We need to break last high 61.18 and than 62 to resume an uptrend. However, price movement is still preferred downside on short term with today 1st target 58.87. Opec will not want to give away their support that easily and will try to push prices up again. Before American opening, we already see a double bottom, so it might help push prices further up. On the second thought, this maybe going down and could form a triple bottom. I would still go long from 58-59 support levels and try my luck on sell near key daily resistance. GL
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