West Texas OilLong
$CL_F: Crude oil could be about to rally again
Updated
Recent data favors a rally in Crude, technical charts are setting up for a low risk buy in the daily and weekly timeframe, you can see the two targets on chart, with an ETA of 6 weeks to be reached.
If the down trend 50% and 25% speed lines are broken by bulls next, we could see a longer term resurgence of commodities next.
Best of luck!
Cheers,
Ivan Labrie.
If the down trend 50% and 25% speed lines are broken by bulls next, we could see a longer term resurgence of commodities next.
Best of luck!
Cheers,
Ivan Labrie.
Note
Strong close this week, I think the trade has legs.
Gotta be patient.
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