Short-term Call On Oil
Crude Oil's price has hit a long-term bullish support and the same price level which led to subsequent rally in Feb 2008. With equities still bullish and oil supplies low there should be no reason that crude should not bounce off the support again. Short term target is $100, then a movement back to $110 after a small correction after hitting R1.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.