Oil is having a rally right now, and we are looking as though we can trade higher….we see the market move towards
the 9380/90 area...and this is where we would be covering all longs..
We could attempt small shorts to here, but you must keep tight stops on this…..because if this comes above 9410 we can go to the 23.6% fib level at 9490.
Now if we fail to break 9220 we can see the market coming lower and we have 8885 as a target.
Buy on dips to here and place stops below the uptrend which today is evident at 8841.
The article was first published by CharmerCharts