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Positive bias for $OIL

March 13, 2016

XOIL daily

  • (+) Inverse head-and-shoulders. Target 34.50+(34.50-25.90)=$43.10.
  • (+) Confirmation of an Ichimoku uptrend (2)
  • (+) First positive warning about a possible Ichimoku uptrend (1)
  • (-) Negative divergence Pret::haDelta. A pullback is expected.

 

$OIL heikin-ashi daily chart

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