The OAL dipped lower day before yesterday, but failed to sustain the downside as the price bounced and closed near the opening, forming long lower shadow candlestick. And that warns of renewed bullish pressures.
The price is fluctuating below the short term falling trend line and just the long term horizontal zone. Therefore, we prefer to see further confirmation of a bearish reversal, or bullish resumption.
Conclusion
OAL Forecast for today: We are now in neutral position awaiting a new confirmation signal.__ ALLAH vorosa
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