CRUDE Oil has tested the neckline of the head shoulder pattern and looks to channel up to $56 in coming days. Positive FA with better than expected earnings from US economy and risks from Venezuela crisis emerging and pricing in. Bearing in mind, that oil has dropped from $70 in recent months and bottomed out, there is now more upside potential in its price.
Kommentar:
So far on track. Could track sideways a little more