Oil had a small uptrend and then was in a small rectangle pattern, which is consolidation. It has now broken above its channel and could keep going. This is because a rectangle pattern is a continuation of the prior trend, which was up.
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.
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.