OIL is ready to go up again

19. Jan. 2020No bullish trend yet, but the potential is there.

19. Jan. 2020

Kommentar

Since Dec 2018, oil has been ranging in this area 50-65, and we are near the end of this range.
Kindly reminder there is no strong sign that we will start bull run right now, but if you take a closer look to the price and indicator, you will find two obvious divergence on RSI and Stochastic, you know what? The bull run always starts from something little.
I will bet on those two divergences and beautiful fib 0.5.
Good luck and happy hunting!