Too late too buy, the oil is becoming overbought and also USD is weak so price will still go up.
I’m waiting for divergence to enter sell trade. Based on previous rallies this year I expect 87-88, and maybe even 90 area in early Feb (definitely will be watching closely when it gets to 85). Once the dollar gets stronger, the oil will go into correction.
I’m only my prediction, please trade carefully.
I’m waiting for divergence to enter sell trade. Based on previous rallies this year I expect 87-88, and maybe even 90 area in early Feb (definitely will be watching closely when it gets to 85). Once the dollar gets stronger, the oil will go into correction.
I’m only my prediction, please trade carefully.
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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.