Price now ranging in strong monthly supply box until momentum picks up.
Crude oil should slowly go up towards $62 - $68 monthly supply or "range of interest".
For those that want to go long, green box should be zone to place buy orders with ~$67 as a take profit.
MACD suggests that breakout should come in any direction quite soon on weekly/monthly basis.
*Keep in mind that this is a multi-week swing trade*
This is not a financial advise. Have a great day!
Crude oil should slowly go up towards $62 - $68 monthly supply or "range of interest".
For those that want to go long, green box should be zone to place buy orders with ~$67 as a take profit.
MACD suggests that breakout should come in any direction quite soon on weekly/monthly basis.
*Keep in mind that this is a multi-week swing trade*
This is not a financial advise. Have a great day!
