Oil , not yet ready for a long ,
Oil needs to show confirmation for the long. Commodities are trending bullish alongside spx500. Nasdaq is also trying for ATH (though i'm expecting a pull back). I don't see the oil drop lasting much longer. A bounce off the MA and a breakout above will confirm the long for the rest of the year.
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.