With the unexpected news of oil production cuts oil has gapped up hard. Although strong, oil has rammed a massive resistance zone. May be to soon to call short, but i am. Gap fill possible.
Note
Proceed with caution, oil has now formed a bullish consolidation pattern. Debating on covering my shorts or setting a tight stops above the highs.
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.
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.