Yesterday bears tried to take control on oil.They failed. The first top callers had arrived and destroyed by today.
Price closed above the 20 EMA and today we not just above the 10 EMA but took out yesterday's high.
So I'm saying again the daily cycle low is in . We are heading to the 200 EMA again (41-41.5).
It is going to be a fastening move as bears anticipate that we are going to make a higher high and they are covering the shorts.
Today I would like to see higher volume than the last 4 days volume and a close above 38.25.
Price closed above the 20 EMA and today we not just above the 10 EMA but took out yesterday's high.
So I'm saying again the daily cycle low is in . We are heading to the 200 EMA again (41-41.5).
It is going to be a fastening move as bears anticipate that we are going to make a higher high and they are covering the shorts.
Today I would like to see higher volume than the last 4 days volume and a close above 38.25.
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We almost exactly have the volume I wanted ...
:)
:)
Oil stocks will be on fire today.