US oil has followed the pattern of movement-rest, then another movement-rest upwards.
Fundamentally, oil can reach higher prices. Therefore, it can be assumed that another flag will be formed to reach the next S/R on the price path.
This is a combined analysis based on "supply and demand", "technical perspective" and of course my experience. If you like it, please click the Like button and write your comments in the comments section.
Fundamentally, oil can reach higher prices. Therefore, it can be assumed that another flag will be formed to reach the next S/R on the price path.
This is a combined analysis based on "supply and demand", "technical perspective" and of course my experience. If you like it, please click the Like button and write your comments in the comments section.
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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.