"If" the FOMC chooses not to raise interest rates next week and "If" OPEC manages to elevate oil prices further the following week, then I believe that oil may rally quickly to the 50 level and reach as high as 53/54 matching the February 2015 48-54 range.
I will be entering long if prices touch 42.24 and then break back above 42.73. Please trade according to your own risk; my Support Levels (SL) and Target Prices (TP) are listed on the chart.
Good trading all!
I will be entering long if prices touch 42.24 and then break back above 42.73. Please trade according to your own risk; my Support Levels (SL) and Target Prices (TP) are listed on the chart.
Good trading all!
