market price reached 61,8 fibonacci retracement area and buyers are coming into the market. If the next two to three candles close within or above drawn buy area we can expect breakout above down trend line and movement to at least take profit area.
-RSI on 1 H has shown again support at drawn area -MACD baselines consolidated and going to cross bullish soon which brings buyers into the market -market reached 200 day moving average which is last strong support before 57 $ area
An oil long term analysis in reference to the oil productions attacks in Saudi Arabia is following soon.
Kommentera
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market looking bullish but need to break the current resistance at 59.40 area to reach take profit line