US Oil: Week 11 Kick OffHi Guys,
Last week US Oil broke higher above the latest Trump's tweet with a run started on Wednesday. Price consolidated above Trump's tweet level with a triple bottom support throughout Thu, Fri and this morning before resuming the run pushed by the 90SMA.
TO NOTE: RSI spiked briefly above 70 but lower than previous highs. Price instead kept going higher. IMHO bullish momentum may push up to 60 if sentiment picks up above 70 again shortly.
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Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
