Price has come up to tramline which could be an area where the price falls again due to overbought stochastics, potential wave 4 completion and resistance from way back in 2012 around the 280 level.
Price has broken above tramline but as long as it doesn't go above 304 this analysis still stands in my opinion.
Targeting 200 which would fall on the tramline but at the moment this is just a long shot in the dark. If the price reaches the tramline before then exiting there would make sense.
The energy industry is in a bit of a lull at the moment which also supports this analysis.
Again this is just an opinion and is no way any guarantee it will happen.
Price has broken above tramline but as long as it doesn't go above 304 this analysis still stands in my opinion.
Targeting 200 which would fall on the tramline but at the moment this is just a long shot in the dark. If the price reaches the tramline before then exiting there would make sense.
The energy industry is in a bit of a lull at the moment which also supports this analysis.
Again this is just an opinion and is no way any guarantee it will happen.