very interesting area to monitor at 68 bucks
Price bounced right where the previous "neckline" did (61ish) to the other resistance area (68ish). Price could continue climbing to 69.6 area BUT it will depend on the USD performance after Jackson Hole Summit and BH data (rig count)
In OIL I'm not taking any positions in the middle of nowhere, just need to wait for the right entry point around 69.6 to 70.90 more or less. Anything off the descending channel will trigger my protections (partial hedge, longs to next resistance area).
Cheers
In OIL I'm not taking any positions in the middle of nowhere, just need to wait for the right entry point around 69.6 to 70.90 more or less. Anything off the descending channel will trigger my protections (partial hedge, longs to next resistance area).
Cheers
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