Looks like cycle lows can be reached between 9-17 June.
Last weeks' accumulation @ 49-50 suggests a directional move early next week. OPEC has decided to leave things as they are on Thursday and Friday's USD "crash" couldn't help oil reach higher highs.
Maybe Monday's Asian markets correction and Yellen's speech will please oil bears then?
I've shorted @49.82
SL @50.50
TGT1 @48.07
TGT2 @45.08
Last weeks' accumulation @ 49-50 suggests a directional move early next week. OPEC has decided to leave things as they are on Thursday and Friday's USD "crash" couldn't help oil reach higher highs.
Maybe Monday's Asian markets correction and Yellen's speech will please oil bears then?
I've shorted @49.82
SL @50.50
TGT1 @48.07
TGT2 @45.08
Trade active:
ADD SHORT @ 50.22
