Petrol
USDWTI Short at 47Technically: Fibonacci retracement level supported by MA which plays role of resistance, overbought RSI not likely to sustain the upward movement, same for MACD and Stoch indicators
Fundamentally: Rising OPEC output
Crude OIL (WTI) - Daily and Weekly OutlookOil prices will need a retracement depending on Weekly chart, because of the political and geo-political risk on OIL prices can go higher without a retracement. Question mark implies this possibility. One way or another prices will go higher for long term ( 1 - 2 years).
USOIL Weekly Chart;
Crude OIL - Weekly Chart Outlook - Eray ErgünAs I described on the chart. This week is important because of the last week's weekly candle. Market is dynamic so we are.
$SM Bullish ReversalDouble bottom formed with price closing above its 3 month high of 15.87 all on strong volume.
All oscillators look green now looking for a long bias trade setup.
Trade #001 mining and petrol sector rallying going long on 6 value stocks currently showing signs of strong momentum
Long:
$TRQ $SWC $FXC $F $CMRE
