Outlookb head DOWN

MACDdirection

Momentumdirection

Weighted M.A.direction

Thu, 17 Jan 2019 14:35:29 +0200
30 Minutes
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OIL

 

ENTRY 51.78 TARGETS 51.67 51.61 51.50 51.36 STOP LOSS 52.06

 

Scenario 1

Oil has accomplished all forecasted take-profit targets and is currently trading at oversold levels.

Scenario 2

Should the commodity manage to penetrate the resistance level at 52.06, Oil will cancel the bearish outlook generating a bullish scenario.