Oil price remains in upward trajectory and currently is testing intraday key support at 54.14-54.57. My plan is going long on oil as bullish signal has been confirmed on hourly stochastic, with target at 54.73 or 54.99 in extension.

Be careful if the market managed to break the support 54.14 because it could be followed by bearish move towards 53.88-53.62.

Plan: Buy within 54.14-54.57; target at 54.73 or 54.99  

Oil Chart:

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.