Crude Oil is testing the resistance line and looking to make a shot upwards on the weekly. We are also seeing some potential bullish RSI signals indicating a push to the upside with a peak hitting around 130-145 USD and 72-73 on the RSI
We may also enter a recession as a result of a giant parabolic spike in Oil prices as insider traders enter short positions above $128-130.
We may also enter a recession as a result of a giant parabolic spike in Oil prices as insider traders enter short positions above $128-130.
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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.