Oil could be going to $75 a barrel by july.
Long term down trend got broken on the hourly and doji reversed on the daily. Zoomed out on the monthly, id like to see oil close above $65 in the coming weeks. Aussie oil stocks are lagging oil prices.. and my bet is on OSH to go to $5 just based on oil prices alone.
Although EV is the way of the future, oil is still the most demand fuel source currently and i dont see it changing in the next 5 years.
Will be interesting to see how oil prices behave this month.
Although EV is the way of the future, oil is still the most demand fuel source currently and i dont see it changing in the next 5 years.
Will be interesting to see how oil prices behave this month.
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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.