On weekly to 10D & 12D charts, it's time to go long on oil. Use your 1h & 2h charts for entries as per your TS. Find chances to go long on pullbacks & other consolidation-b/o patterns . Tgt can take 15-30 days, though one can take multiple trades & book Profits at several intervals. Along with it, we need to keep an eye on copper long trades as well.
Crude oil trading at highest levels in 7 years.
Multi year Resistance zone is now acting as support zone.
The Black gold is expected to test $115-120 levels in 4 to 6 moths time
Russia - UK tension to and demand pickup to be key drivers
originally published on 1st Feb after highest monthly close in 7 years
Close below 87 will nugget the view...
I guess this is My first post on UsOil in Indianversion... At resistance wait for bear signs & Go short, We are aware how volatile commodity markets are, Risk is yours !
