OIS Long - UPDATED

Updated the fib levels of this one a little bit and I like the way everything fits alot more. Aiming for a peak in prices around the end of August

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Looking range bounce at the moment. Its all going to depend on oil in the next couple weeks. I could see oil dropping over the next week or so when the Iran oil deal is being talked up, then spoiking when the deal falls through.

The 8.09 level is very important resistance. If we can get through that we should be able to get to our 14.33 target no problem.

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1.53% gain on the day. Climbing up steadily

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Oil is oversold and this is oversold on the hourly. I think price is coming to retest the 6.50 range.

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We will see if next week can pull up these energy stocks.