Oil Uptrend Should Continue Towards 44.35
August 6, 2020
2 min read
Dear Traders,
Oil is pushing up strongly as new swings form. We have a zig zag to the upside, and fresh buyers might come soon.
41.40-41.73 is the POC. X Cross clearly marks the ATR projection low. With the confluence of X cross, W H3, ATR low, I assume this is where buyers are. Targets for the move are 42.27 followed by 42.85 and 43.45. Above 43.45 we should see 44.35, the final daily and weekly target. Oil is bullish and buying the dips continues.
The analysis has been done with the CAMMACD system.
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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea
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