OIL

The OIL started a recovery in late August and then entered a RANGE which lasted approximately 10 days between the Zone of “22.400 and 27.600”, it subsequently rebounded before stopping its progression in a long RANGE of a month and a few days in the zone between “37.180 and 42.500” however the OIL has just broken a resistance “42.600” and it is in the process of stagnating around the later. This is why I will wait before doing anything till the confirmation of this breakout in order to avoid a possible return to the old Range zone.