US Oil Analysis For the week ahead.
I am favoring towards seeing prices of 52.00 a barrel for USOIL this week.
My technicals illustrate. Acute bullish pressure into a proven resistance zone. This usually leads to a extension past the resistance zone.
Fundamental Comments:
US Energy firms cut seven oil rigs in the week to Sept 15. Bringing total count down to 749, least since June. Baker Hughes energy services firm said on Friday"-
I am favoring towards seeing prices of 52.00 a barrel for USOIL this week.
My technicals illustrate. Acute bullish pressure into a proven resistance zone. This usually leads to a extension past the resistance zone.
Fundamental Comments:
US Energy firms cut seven oil rigs in the week to Sept 15. Bringing total count down to 749, least since June. Baker Hughes energy services firm said on Friday"-
Comentário:
Strong consolidation today in price. Leading me to believe the bullish pressure is holding. More anticipation for a extension. We shall watch closely.
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I am still in this position. So far decent. Alot of resistance to push thru. broke and closed above key figure 50.21. Time well tell. Thanks for following this trade.
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And Extension Past the highlighted resistance zone has been discovered. Stops Rolled to break even for protection. "Let your profits Run." Lets see if we can reach profits. at 52.00
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Damn Nailed it guys. Cheers.