Oil week 30 – 3 August 2018
The price of oil touched a floor of 67 and began to recover ground in the FisuOne method, this was confirmed when in the 4HRS graph the MACD line crossed to the long side, this occurs when the MACD red line is placed by Above the MACD signal blue line during this time it is possible to have buy operations of this commodity provided if, in the 1hr chart we see the oil above the MA21 and the momentum is above zero.
Level to watch 70.40 if price goes above 70.56, oil could reach 71 in the week.
