The energy security is subjected to a bearish pressure following an upward trend line and living a lot of room for significant movements. While approaching the demand level, an exhaustion can be noticed broaden by the decreasing daily traded volume. Nonetheless, odds of a breakout and bearish continuation remain medium/high.
Possible Targets: 52.000 (-4 points)
Advice: Stay bullish and buy every low points while we don't break upward 58.000.
Possible Targets: 52.000 (-4 points)
Advice: Stay bullish and buy every low points while we don't break upward 58.000.
Note
Oil follows a narrowing range around the demand area, delighting an upcoming volatility and breakout.
Trade closed: target reached
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Related publications
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.