During the morning hours it reached to new highs.
OIL price is good for technical analysis because the information regarding inventories is available publicly at 17:00-17:30. Until then US dollar is affected and the OIL price experiences volatility.
The fibo retracement tool shows us the level that TP should be placed. However, if the retracement happens eventually one should be more conservative and close the positions earlier.
OIL price is good for technical analysis because the information regarding inventories is available publicly at 17:00-17:30. Until then US dollar is affected and the OIL price experiences volatility.
The fibo retracement tool shows us the level that TP should be placed. However, if the retracement happens eventually one should be more conservative and close the positions earlier.
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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.
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.