There she goes...
Everything apart from the extended manipulation targets have bee met and have been calling the downfall since reaching this region. Now we refer back to the overall target and what was stated in the long term. I currently have a short running down to consolidation where I will be looking to take profit but I expect a further dip past this region to grab some real liquidation. If oil can keep within this channel it will likely see the downtrend scenario.
I predict a positive oil for Q1 and Q2 but when we start reaching the bottom zones...(I have some in mind way below the consolidation region) I will start to reconsider my bias depending on price action. Short running stops above 79.40 to give you an idea
Everything apart from the extended manipulation targets have bee met and have been calling the downfall since reaching this region. Now we refer back to the overall target and what was stated in the long term. I currently have a short running down to consolidation where I will be looking to take profit but I expect a further dip past this region to grab some real liquidation. If oil can keep within this channel it will likely see the downtrend scenario.
I predict a positive oil for Q1 and Q2 but when we start reaching the bottom zones...(I have some in mind way below the consolidation region) I will start to reconsider my bias depending on price action. Short running stops above 79.40 to give you an idea
