OIL Bulls are Slow but Decisive

1 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

Oil is making a slow breakout as bulls are gathering power.

The price is exactly at 82.40. We should see the up move continuation if the price manages to stay above. This is visible in the chart as a slow breakout. Market should be pushing towards next targets around 83.20 followed by 85.20. The interest in the markets is higher oil price so buying the dips should continue.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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