Oil Daily Analysis - Surfing the wave :)
Oil's been amazing lately and the bulls are still strong with DI- close to zero.
I got a few longs running already and will be looking to add positions after pullbacks all the way towards 70...or until trend strength switches to bearish. DI- had to cross 20 and DI+ for me to get out of my longs before 70.
For now I'm going long above 59 but will be looking at re-entries around all the purple levels. Would like to see price remain above 54 and ideally 56 for my long bias to remain intact.
I got a few longs running already and will be looking to add positions after pullbacks all the way towards 70...or until trend strength switches to bearish. DI- had to cross 20 and DI+ for me to get out of my longs before 70.
For now I'm going long above 59 but will be looking at re-entries around all the purple levels. Would like to see price remain above 54 and ideally 56 for my long bias to remain intact.