BRU buru energy limited
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While we wait to pump some again, bullish setup on oil is taking...

  1. CEOChair
    12,167 Posts.
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    12/03/18
    20:28
    Post #: 31698262
    While we wait to pump some again, bullish setup on oil is taking shape, as I’ve been suggesting above - best described by Ilya Spivak at Daily FX re: his WTI chart (I always like the way he tells you what to look for in both directions):

    CRUDE OIL TECHNICAL ANALYSIS
    Crude oil prices are consolidating within a Falling Wedge chart pattern, a setup that typically carries bullish implications. A daily close above its upper boundary – now at 62.64 – exposes the February 26 high at 64.21. Alternatively, a move back below the 59.83-60.00 area (wedge floor, March 8 low) opens the door for a retest of the February 9 bottom at 58.11.



    https://www.dailyfx.com/forex/funda...urce=AWeber&utm_medium=Spivak&utm_campaign=em
    BRU Price at posting: 30.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch. 1  Great analysis
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