Break out of triangle; if it holds target at 50.50

1 oct. 2015

In the meantime, resistance levels at previous highs 4725-47.50 49.50 and upper Bollinger bands, 100 day MA (currently at 51, but sloping down).

Target based on breakout of the triangle and triangle width which leads to a target projection of 50.50ish

Buy signals:
+ 9 day and 20 day MA crossed 50 day MA
+ Breakout of triangle

From the news:
+ Hurricane Joaqim
+ EIA: lower production

2 oct. 2015

Note

It did not hold yesterday and we are back in the triangle, hence staying neutral until further notice