OIL - CLOSING ON THE 10 EMA WITH STRONG VOLUME
Oil closed on the 10 EMA with strong volume today. This fight is not decided yet.
It is looking better for me than yesterday. We are on day 21 in the 2nd daily cycle.It's simply too early to start the move into the daily cycle low. So this week and the next is still there for oil to rally.
In this decline we have maximum tomorrow and Friday to tag the 20 EMA.
It is looking better for me than yesterday. We are on day 21 in the 2nd daily cycle.It's simply too early to start the move into the daily cycle low. So this week and the next is still there for oil to rally.
In this decline we have maximum tomorrow and Friday to tag the 20 EMA.
We turned up from the 300 EMA.
The bull is back.