Oil looking for s/t bottom between 58-60$

8 พ.ย. 2018

I believe Oil has finished its long upmove from the 2016 lows ans is now headed substantially lower medium/longer term.
S/T there is a confluence of support in the 58-60$ area to provide a bounce back to mid 60s before another longer leg lower.

13 พ.ย. 2018

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Updated, 4 days later, we are now 3% lower below $59 in the support zone.
Looking to buy here around 58.80 with $3 stop and $6-$8 upside target next 2-3 weeks