As we could see crude oil has tested the lower band of the bullish trend channel, which is around 43.00 to 43.40 area.
RSI and CCI supports the price to go up while the crude oil has also retracted to fib 61.8% level and it seems it is holding at the moment.
In my opinion this will be the last castle and we could start buying in portions. Second portion should be around 41.30-41.60 area.
Final SL: 41.13 Final TP: 55,00
Please pay attention that the 51 level will come in 2-3 weeks.
RSI and CCI supports the price to go up while the crude oil has also retracted to fib 61.8% level and it seems it is holding at the moment.
In my opinion this will be the last castle and we could start buying in portions. Second portion should be around 41.30-41.60 area.
Final SL: 41.13 Final TP: 55,00
Please pay attention that the 51 level will come in 2-3 weeks.