Oil outlook

16 Tem 2018

After the strong reversal off $75 downside acceleration could be capped by the 100dma & previous key swing high (50% retrace off 2014-2016 collapse). A break through this level puts target on ~$65 level which is the median line of long-term pitchfork, key slope over the 2017-2018 climb & 200DMA in close vicinity.
Short-term look, potential pullback to $69.38 before move below 100dma

19 Tem 2018

Not