Oil on hold!
Currently, most assets are waiting for the news tomorrow night. This allows some of them to form interesting formations from which to get in trades.
Again, we see a triangle in oil. Here the movement is extremely clean. Lower peaks and higher bottoms, as the price moves very tightly in the drawn triangle.
Oil returned from its highest levels after the crisis due to lower demand and a rapid recovery in production. This can lead to new declines.
It seems that we will probably see a breakthrough today, but wait for confirmation and enter the testing.
Again, we see a triangle in oil. Here the movement is extremely clean. Lower peaks and higher bottoms, as the price moves very tightly in the drawn triangle.
Oil returned from its highest levels after the crisis due to lower demand and a rapid recovery in production. This can lead to new declines.
It seems that we will probably see a breakthrough today, but wait for confirmation and enter the testing.
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❓ If you got questions: t.me/Semkov
💰 PAID SIGNALS AND ANALYSIS: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
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