Macro: Inflation accelerating as indicated by 3 month positive beta on WTI & TRJEFFCRB against 3 month negative beta on DXY, coupled with production in Permian basin decelerating on a sequential rate of change basis
Technical: Bullish MACD and RSI divergences, coupled with price action having 3 month secant > 3 month tangent. Entry price of $42.22 with price target of $52 and stop loss of $40.
Technical: Bullish MACD and RSI divergences, coupled with price action having 3 month secant > 3 month tangent. Entry price of $42.22 with price target of $52 and stop loss of $40.
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.