Update of crude oil: It did turn up. Current target.

This is a follow up from my March 27 posting suggesting a possible bottom in oil. See link below. From the 2 hr chart you can see the last downtrend line has been broken and price has gone above the the previous short turn high which supports the bottom may now be in. Short term I think a rise to the 35-40 range in likely. Drop below the short term up channel is negative.

Process your way. Make decisions on your own analysis.

Best to ya. Feedback welcome.

Trade fechado: stop atingido