Just an idea and trade at your own risk.
OIL is about to resume its bullish movement to new highs around 150 area, the next supply zone.
Oil is nearing ending its correction phase after rejecting the previous supply zone (resistance),which now becomes a demand zone (support) and formed a descending triangle pattern on the daily timeframe, which today is trying to break out of it to confirm next up move.
OIL is about to resume its bullish movement to new highs around 150 area, the next supply zone.
Oil is nearing ending its correction phase after rejecting the previous supply zone (resistance),which now becomes a demand zone (support) and formed a descending triangle pattern on the daily timeframe, which today is trying to break out of it to confirm next up move.
