OIL longterm bearish, short term bullish
Left the weekly chart which looks bearish to me as there is a high potential for a breakdown in the descending wedge and forming a abcde correction on large scale.
Though there is potential to the upside if we break this triangle.
We bounced off da descending trendline on the right chart, we might be heading to 75 - 79 usd again.
Though we should get back in the ascending parallel on the right otherwise it's a no go.
Though there is potential to the upside if we break this triangle.
We bounced off da descending trendline on the right chart, we might be heading to 75 - 79 usd again.
Though we should get back in the ascending parallel on the right otherwise it's a no go.