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Saturday, December 17, 2016 12:42:09 PM
By MPTrader
* December 16, 2016
As long as Oil holds above its two prior lows at $49.95 and at $49.61, the series of higher-lows off of the Nov 14 low at $42.20 will remain intact, and the most salient feature of the technical set-up that warrants us giving the benefit of the doubt to the Nov-Dec uptrend.
A sustained climb above $51.50 will trigger confirmation signals that recent weakness from $54.51 to $49.95 is complete-- ahead of the initiation of new upleg that projects to new highs at $55.00 - $56.00.
https://www.mptrader.com/middayminute/
• DiscoverGold
Click on "In reply to", for Authors past commentaries
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Your Due Dilegence is a must!
• DiscoverGold
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