Oil is Looking for a Breakout

1 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

Oil is still bullish. If the market breaks 82.85, we should see a breakout.

All time frames are bullish. If the market makes a close above 82.85 we should see a breakout. There are two important points in the chart. Point 1 is the trend line break and the second is Point 2 which shows a possible breakout. Bullish breakout above the price zone should be targeting 84.33. Watch for it.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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