Good day to all…I’m bullish Oil for several days now and as subscribers of my premium sms service already have seen, I ‘m long since below 30$ and I expect a multi week bounce that will at least reach 38$ in the short-term and why not even higher.
Oil prices have formed and inverse head and shoulders pattern and today is the day we are challenging the neckline. A breakout above 33$ will open the way for a push towards 38$ which is the same size target as the head of the pattern.
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Fascinated by financial markets, studied International Securities Investment and Banking in the UK, works as a Portfolio Manager in Greece and runs a technical analysis website. Enjoys travelling and spending time with his family and preparing for the black belt in Korean Karate.