Incoming US Oil Bear Trend Continuation
US Oil is pushing for a slight bullish correction. However, underlying market fundamentals are unlikely to change any time soon, with supply consistently rising and demand remaining steady, or even dropping. Because of this, I still believe the ultimate direction is down for now. This analysis is inherently linked to my USDCAD expectations as well.
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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.