one last chance to catch a drop on oil . will it reach 18$ ?
we are watching oil closely and it looks like its slowing down at the moment, the target of 42$ gap fill has already been reached and now we are expecting to see a drop in oil from now to 18$ by july 12th,
and then start the third wave up ,from there until autumn.
Note
still watching the chart slowly struggling to go up, i believe the tipping point maybe on sunday night 5th july , however i also have to be careful if it tries to touch 42$, but either way once it breaks down from this flag i will look for shorts. it already has some bear divergences appearing.
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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.