Oil daytrading price update and targets on BRN Futures.
This Chart are 4 Weeks Old, I use it on my old post. As you can see,my green Buyers trend line was useful and did support price at ~111.45 price (red line). And now,this price are supporting Buyers . I'm looking to get to my second target and a 3rd in few weeks. then we will hit the first double top (3rd target long), and depending on each party commitment, we should get out or keep "long" position. For next week , if sellers win on Monday, with more than 200k of volumes. We will see a 50% retracement, to my red line. Is possible to see price go down till 100.35 , but buyers should not support this price, and close above ~111.45 (red line).Oil dayTrading Movement of price for next week
[caption id="attachment_5874" align="alignright" width="150"][...]day trading course
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