InformedTrades http://ift.tt/1t1euKO
Oil is showing some signs of accumulation. Note the trading range, highlighted by the box, as well as the long wicks on the candles in the box. The low on Friday was also higher than the low on Wednesday, which may be a small sign that the bulls are standing their ground.
Here's what the monthly chart looks like; it appears we may be coming upon a demand zone.
What do you think?
Here's what the monthly chart looks like; it appears we may be coming upon a demand zone.
What do you think?
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