My outlook on crude oil is bearish. The rise to $50 was steady and a correction is needed.
There is bearish divergence on the MACD and the RSI.
There is bearish divergence on the MACD and the RSI.
Trade active
Oil is tanking. First target reached. Second target to be reached in the next few weeks.
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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.