Long Vision on OIL
Hello Dear Traders,
As we analyze Friday, the oil price is rushing upwards strongly to breach 73.30 level and is trying to stabilize above it, which requires attention from the upcoming trading, as confirming the breach will stop the bearish corrective scenario and lead the price to restore the main bullish trend again.
Therefore, we prefer staying aside until the price confirms its position relative to the level of 73.30, then we will look for buying opportunities as the rebound was strong and the recent selloff could be over.
KR
As we analyze Friday, the oil price is rushing upwards strongly to breach 73.30 level and is trying to stabilize above it, which requires attention from the upcoming trading, as confirming the breach will stop the bearish corrective scenario and lead the price to restore the main bullish trend again.
Therefore, we prefer staying aside until the price confirms its position relative to the level of 73.30, then we will look for buying opportunities as the rebound was strong and the recent selloff could be over.
KR
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