CFDs on WTI Crude OilUpdated WTI: US OIL - Neutral
Rather wait for further PA to determine entry position
Note
The PA is pretty firm around that MA20 on the Bollinger Band, so I am expecting Oil to make a landfall this week towards 61.0 areaNote
Fundamentally, Oil has become weak due to compliance of Ope members to Trumps request to increase the supply, and weakening political strength of the Opec as a Cartel organization. I dont expect much strength to come from thier upcoming Opec meetings.
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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.