Long on oil
Price so far has carved an inverse head and shoulders which has already broken setting up a current uptrend channel where we are now.
Despite the fact that there are no signs this channel could break before reaching resistance I guess is late to join the market.
I think the best thing to do in this case is to wait for a pullback to the support area. Look for many singals you can and enter there.
Cheers!
Despite the fact that there are no signs this channel could break before reaching resistance I guess is late to join the market.
I think the best thing to do in this case is to wait for a pullback to the support area. Look for many singals you can and enter there.
Cheers!
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.