Hi All,
Oil was bit tricky last couple of weeks.
News were mixed, and worries of increased COVID cases is pushing it down.
More production cuts are holding the prices up, but how much will it hold before big producers decide to go back to full capacity production?
On the charts, price action is still maintaining a nice trend line and trading above the "cloud".
What do you think?
Thnx
Jad
Oil was bit tricky last couple of weeks.
News were mixed, and worries of increased COVID cases is pushing it down.
More production cuts are holding the prices up, but how much will it hold before big producers decide to go back to full capacity production?
On the charts, price action is still maintaining a nice trend line and trading above the "cloud".
What do you think?
Thnx
Jad
Note
H&S in formation???
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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.