False Breakout for Oil? I suspect so
Following on from my last post on this market, I suspect that this is a false breakout which will catch a few bulls out. In short I believe we will see a reversal down to around $34.00 before the REAL rally starts. Time will tell but this is a rough illustration of my expectations currently.
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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.