USOIL Analysis From a fundamental perspective i'm still short on oil because I don't expect any "Brokerage Deal" coming anytime soon , in-terms of oil production rates. We could see some price manipulation based off of false hope of a potential deal over the weekend but that is just a possibility not sure what the probability would range in between.
From a Technical perspective i'm stuck on two options.
1. A mark down to my lower identified price zone then a bounce to the upside testing the bottom of The current price zone.
2- Is a mark up to the highest price zone I identified and then a continuation of the down trend
Let my know where you stand on oil...would love feedback!!
O.O
