Oil week 2 – 6 July 2018

The future of the oil seems to be a bit tired of the rise is noted in the graph on the left that the lines of MACD begin to want to join if this occurs and the red line of MACD is placed below the blue line will have the beginning of a potential short selling trend of this asset. Therefore, if we go to the chart on the right we will have to wait with this tendency in play that the oil is placed under the green line of MA21 and the momentum is kept below zero. Potential target if this happen will be 69-70.