The technical analysis for oil Continuing the theme of oil, add technical analysis. Other indicators for oil 4 of 5 show us a trend reversal, one single and the last signal of a reversal should be the technical analysis and it is 5 core, but as can be seen from the graph, until the oil is no hurry down and is in the area of consolidation that tells us about is that neither the bulls nor bears are in no hurry to open or close positions, waiting for the signal from the external market, I'd add that the technical analysis discovered certain patterns, for example; the price movement on the H4 cyclical and repeated for the fourth time, from experience I can only say one thing, that the price of oil works on the same scenario, and probably by the same players (oil traders) as all four price zones are similar not only in price performance, but also on the time zones, and secondly is no unusual situations in an upward trend that says that the market is working under the old scenario, but any deviation from this scenario will talk about serious upcoming changes. Based on the above, stating that technical analysis shows us a speculative rise in oil prices, the planned movement of oil prices is up, any change in this scenario would be to speak of a trend reversal. You find useful recommendation, put the Like.
Yours faithfully,
Vinter Frank.
