Oil is ready for a retrace to the upside.
- it comes down to support
- bullish div on the RSI
- break out of a channel
- blue pivot signal on the 3D chart
- it comes down to support
- bullish div on the RSI
- break out of a channel
- blue pivot signal on the 3D chart
Note
The price is slowly breaking out of its ascending triangle, opening the way to the upside.Note
Oil can reach 100$, slightly above the previous high, before retracing.
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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.