The long signal on oil on the day charts was on 3rd Jan 2022 at $77.07. This was reinforced by a medium term long signal on the week charts at $87.34 on 31st Jan 2022.
The last high of $147.27 will be our target with $100.50 touched on 24 Feb 2022 on the outbreak of the Ukraine Invasion by Russia.
LONG TERM UPTREND SINCE 010221
MEDIUM TERM UPTREND SINCE 310122
SHORT TERM UPTREND SINCE 030122
PIVOT 84.53
Long positions above 84.53 for 147.27 and new ATH
Short positions below 84.53 for 74.47 and 55.51
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