Oil conceived jump?
Good afternoon, colleagues.
We carry out regular analysis of the weekly chart WTI using the AC and AO indicators.
In the graph we can see testing of divergence on AO. In our opinion it does not matter whether the oil will soon break through the yellow line on the graph, or even goes down behind the blue (45. 5), continuing the correction.
We believe that this figure is aimed at the breakdown of the yellow and green lines, and then develop a full-fledged rally.
We look at the next week: how to approach the levels as the character will go penetration, whether it is true or false. We are waiting for interesting events.
This material is not intended for your trading is the subjective opinion of the author.
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