Same thing as always. I am looking for a pullback all the way to 82.56 - 82.39 zone and looking for price to get absorbed there. more than usual volume traded in oil yesterday which is repeat of similar pattern observed in Jan this year before first run up in oil. for me to get an entry I am looking for almost 1% drop so let's see if I get it.
USOIL stabilizing above 84.28 ill support rising to touch 85.20 then 86.19 then 87.18 stabilizing under 84.28 will support falling to touch 83.10 the 82.08 Pivot Price: 84.28 Resistance prices: 85.20 & 86.19 & 87.18 Support prices: 83.10 & 82.08 & 81.15 timeframe: 4H
NYSE:OXY Massive Bullish Candle takes out 90 days of price action See the chart for more analysis Time is of the essence as they say; buy now or do not chase !
a big price rejection occur when price touch the uptrend line, and with consideration to all the news price will continue higher and touch the previous high top at 126.30 FOLLOW, LIKE and COMMENT for more expectations