OIL IS THREE A HOPE FOR BLACK GOLD ?!
Hey traders, kindly support the idea push the like button, share and comment below, most of all hit the follow button so you never miss any analysis.
Here is the analysis of OIL
I like setup, here is why
we have a falling channel, potentially ended with a double bottom, with RSI divergence confirming a valid falling channel and a valid double bottom, also we have prices broke out the channel after Trump called the Saudi's and Russia yesterday, and potentially short-covering resulted in prices ran a whopping 20% plus.
I will look for a chance to go long on a lower time frame.
the optimistic scenario for black gold it can go and hit 30$ before it continues to 35$
Now we only sit and watch
Stay Safe Everyone
_____________________________________________________________________________
Dear Traders, the best "Thank you" will be your likes and comments!
Before Trading our ideas make your own analysis.
Thanks for your continued support!
_____________________________________________________________________________
Disclaimer: This information is not a recommendation to buy or sell. It is to be used for educational purposes only**
Here is the analysis of OIL
I like setup, here is why
we have a falling channel, potentially ended with a double bottom, with RSI divergence confirming a valid falling channel and a valid double bottom, also we have prices broke out the channel after Trump called the Saudi's and Russia yesterday, and potentially short-covering resulted in prices ran a whopping 20% plus.
I will look for a chance to go long on a lower time frame.
the optimistic scenario for black gold it can go and hit 30$ before it continues to 35$
Now we only sit and watch
Stay Safe Everyone
_____________________________________________________________________________
Dear Traders, the best "Thank you" will be your likes and comments!
Before Trading our ideas make your own analysis.
Thanks for your continued support!
_____________________________________________________________________________
Disclaimer: This information is not a recommendation to buy or sell. It is to be used for educational purposes only**
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.