Oil reaches final target zone - Hitting 200 days MA line

29 Tem 2016

Oil hits the final target zone of my previous bearish setup (bearish AB=CD and rising Wedge pattern).
Now 200 days MA line is being tested along with weekly structure zone.
Interesting potential Buy Zone that can lead Oil towards 46$ again.

Tomer J, The MarketZone
themarketzone.net

31 Tem 2016

Not

200 days proved as support. Will probablyl be tested again. Watch carefully
goo.gl/NOAw5M