Short term idea, nice cup/handle forming, needs a 50% retrace to validate, and an overlay of last years price, same time period for reference.
Expect near term short oppty, and then perhaps a prolonged decline for the season, or a snap back up to $52 then a decline.
... but here is the chart anyway.
the normal caveats for oil follow... geopolitical risks, major currency issues.. you get the idea.
Expect near term short oppty, and then perhaps a prolonged decline for the season, or a snap back up to $52 then a decline.
... but here is the chart anyway.
the normal caveats for oil follow... geopolitical risks, major currency issues.. you get the idea.
Note
continued movement above trend break
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.
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.