Oil - Retest of 49 before further lows?
Green/Red lines have become very strong support/resistance
pivots since December of 2014. Prices broke down through green
on July 22 but it was retested on 8/31. Prices have been in slow
decline but have failed 4 attempts to break down through the
200 MA and finally broke back above the past 4 weeks of
descending triangle. Now it's time to retest this green-red resistance
area.
pivots since December of 2014. Prices broke down through green
on July 22 but it was retested on 8/31. Prices have been in slow
decline but have failed 4 attempts to break down through the
200 MA and finally broke back above the past 4 weeks of
descending triangle. Now it's time to retest this green-red resistance
area.
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