Hello traders!
Curently watching Oil closely as it appears it's starting to have a clear direction after Iraq's recent statements of not be willing to cut production. Currently short but will start to look for long entry if the current run will show deceleration at Fib levels; bonus points if 50EMA will meet price at 0.382. It's also worth noting that MACD is showing massive divergence.
Curently watching Oil closely as it appears it's starting to have a clear direction after Iraq's recent statements of not be willing to cut production. Currently short but will start to look for long entry if the current run will show deceleration at Fib levels; bonus points if 50EMA will meet price at 0.382. It's also worth noting that MACD is showing massive divergence.