Crude OIL WTI Dec 2023 contract in flag convergence with a strong rebound yesterday.
Buy at 73 with SL at 71 just below the pin bar low.
Fundamentally, a lot of geopolitical surprises can spring it up. Down turn in economy from higher rates already in the price. Crude oil in Backwardation means you buy Dec oil for much cheaper than today.
Buy at 73 with SL at 71 just below the pin bar low.
Fundamentally, a lot of geopolitical surprises can spring it up. Down turn in economy from higher rates already in the price. Crude oil in Backwardation means you buy Dec oil for much cheaper than today.
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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.