OIH double bottom Daily, Weekly/Monthly approaching Structor
On a Daily chart We have a double bottom with Relative strength index showing bullish divergence, All Oil related charts are also all oversold.
On the Monthly we are standing on a Massive structor support from 2010-05-31, 2009-06-08, 2005-04-04, and 2001-03-19.
For the Past 5 years this level has never passed 28.00, I see this as a respected market level that could be upheld for bullish momentum in the Future.
Thanks!
Aaron
On the Monthly we are standing on a Massive structor support from 2010-05-31, 2009-06-08, 2005-04-04, and 2001-03-19.
For the Past 5 years this level has never passed 28.00, I see this as a respected market level that could be upheld for bullish momentum in the Future.
Thanks!
Aaron
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