Heading to 116 via 113 then down again
Could be getting higher to fill the FVG below 116ish then going down, like NatGas. Crude oil prices have returned into the multi-month triangle that’s been developing for almost seven months. The bullish symmetrical triangle is back in play, and a move to the daily 21-EMA (one-month moving average) is the first target ahead, at 112.60.
Note
TP1 hit.
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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.