Crude oil - $200 per barrel
Updated
We've all seen how oil reacted to the beginning of the Israeli-Palestinian conflict. I am sure that this conflict will not settle down quickly and will only increase. The conflict will involve other players in the region - Emen is proof of this fact.
How will oil react to this?
The suspension of supplies and other problems with oil supplies will provoke demand for oil and the price will go higher and in the next few years will renew historical highs up to $200 per barrel. I think this was calculated by the coalition of aggressor countries before the war started.
about TA
We see a strong horizontal level where there is a lot of liquidity (concentration of stop losses) which will be collected up to the level of the largest horizontal volumes from below. And only after that, we will see a global reversal, which is probably the end of the year - December
On the chart, I have shown levels from which I will try to take longs.
I hope there will be PEACE in the world.
Our world looks very humongous in terms of cosmic civilization sending tons of bombs to kill each other.
Best regards EXCAVO
How will oil react to this?
The suspension of supplies and other problems with oil supplies will provoke demand for oil and the price will go higher and in the next few years will renew historical highs up to $200 per barrel. I think this was calculated by the coalition of aggressor countries before the war started.
about TA
We see a strong horizontal level where there is a lot of liquidity (concentration of stop losses) which will be collected up to the level of the largest horizontal volumes from below. And only after that, we will see a global reversal, which is probably the end of the year - December
On the chart, I have shown levels from which I will try to take longs.
I hope there will be PEACE in the world.
Our world looks very humongous in terms of cosmic civilization sending tons of bombs to kill each other.
Best regards EXCAVO
Note
GET VIP group + EXCAVO portfolio for FREE
Register
partner.bybit.com/b/excavo
AFTER TXT TO
t.me/excavo - admin
t.me/excavonews
t.me/excavochannel
Register
partner.bybit.com/b/excavo
AFTER TXT TO
t.me/excavo - admin
t.me/excavonews
t.me/excavochannel
Related publications
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.