There is a pristine “buy” signal on Premier Oil (LSE:PMO), which has
formed since the beginning of this month. The price is expected to continue
going upwards as revealed by the price action in the chart.
The ADX period 14 is not currently depicting any momentum in the
market, but the DM+ is far above the DM-, which means the bulls are having
upper hands right now. The MACD default parameters, just has its histogram and
signal lines go above the zero line. There is a Bullish Confirmation Pattern in
the daily chart.
Premier Oil is supposed, as mentioned before, to continue going
upwards. The resistance levels at 80.00, 90.00 and 100.00 would be reached
within the next several months.
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
What Super Traders
Don’t Want You To Know: Super Traders
Buy and sell Neteller here; get funded quickly: www.ituglobalfx.com.ng
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