Squeeze has been on for 10 days. Momentum has flattened out and is now turning positive. RSX curving back up, crossed above mid-line. DPMO shows a false top and beginning of another bounce.
Look for confirmation by establishing support around 55.60. First PT is 59.64; second PT would be retracement to .618 fib level at 63.75. Of course, this squeeze could be scuttled by any number of macro factors (US-China trade deal news, EIA/API builds, a stop in OPEC cuts); but those same factors could also fuel a strong breakout if they are more positive than currently expected.
Look for confirmation by establishing support around 55.60. First PT is 59.64; second PT would be retracement to .618 fib level at 63.75. Of course, this squeeze could be scuttled by any number of macro factors (US-China trade deal news, EIA/API builds, a stop in OPEC cuts); but those same factors could also fuel a strong breakout if they are more positive than currently expected.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.