A great rally in crude since breaking past top end cloud chart resistance zone at $50. Now the old high of $59.49 is the new support zone. Consolidation risk remain, and do expect pullbacks in this rally. Front cloud still indicate an uptrend.
Wednesday, 8 November 2017
Brent Crude: Steady grind higher with cloud as support zone!
Brent Crude: Steady grind higher with cloud as key support zone!
A great rally in crude since breaking past top end cloud chart resistance zone at $50. Now the old high of $59.49 is the new support zone. Consolidation risk remain, and do expect pullbacks in this rally. Front cloud still indicate an uptrend.
A great rally in crude since breaking past top end cloud chart resistance zone at $50. Now the old high of $59.49 is the new support zone. Consolidation risk remain, and do expect pullbacks in this rally. Front cloud still indicate an uptrend.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment