Oil was one of the most trending securities in 2014. Now it broke its Ascending Wedge from the down side then it pull back. I have a target of 29$ for Oil. take a look to the chart below.
Regards
MB
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I t seems that Oil begin another rally
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WorldWideMarkets Ltd., MetaTrader 4, Demo
Oil reached the low of 36.6$ yesterday, it might find some support around this point before completing the way toward its target
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1) Oil price weekly bars is moving inside a Wedge pattern.
2) RSI is diverging with Oil price bars.
3) The next move will begin after wedge pattern breakout.
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WorldWideMarkets Ltd., MetaTrader 4, Demo
Oil hit its Target 29$
