Updated
CRUDE OIL; IN DECISION
Crude oil is enclosed in a decision triangle that hits the resistance area at $26 from the top.
If it overcomes the said resistance, it can rise to a high H4 supply level. Otherwise, it is expected to reach the gap level.
If it overcomes the said resistance, it can rise to a high H4 supply level. Otherwise, it is expected to reach the gap level.
Note
Three long shadows above the resistance line and failure to cross the barrier,Break the bottom line of the triangle and the long shadow to reach the gap surface,
Currently, oil is in decline, but due to the possibility of a drop in the dollar index, it is in a state of indecision.
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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.