Possible Long Position Caused By Rising IRAN/US/UK Tensions
FUNDAMENTAL:
Oil prices spiked last friday after Iran seized two oil tankers.
Recent news (Sunday 21.07.2019 / 17:00 EST) reported that the US NAVY sent a nuclear submarine
to the gulf.
BUT... Due to demand worries in 2019-2020 the oil price won't climb over the
resistance 67.50!
TECHNICAL:
supportive triangle trend - LONG
Support 61.30 - LONG
resistance 67.50
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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.