Oil market is So fragile but i think without considering political circumstances and more possible conflicts in middle east it remains below 70$-80$ in 2017 forecast
/* Black line for a long long long term Blue long long and red Red goes to long */ function (GOOG); { if trump shut his mouth && WW III never happen GOOG = GOOG++ ; else it goes down Return(GOOG) }
If Resistance Breaks with Strong candles it goes up and up again
Maybe a little goes up then drop in regression channel or it will break through the channel it depends on GBPUSD manner
something is so obvious that it is not necessary to explain
I expect 3th Wave Completion during next month Ref: www.investopedia.com
consider that on each Target we might have a long Drops(red arrows) ,What do you think ?
Actually I am not sure about D Target but i think it must be at 0.618 fibo RET. we'll see ;)