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beyondta economy fundamental indicator oil usdcop Less Tags Show All Tags
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Ecopetrol possible SHORT
EC
, 1D
Short
EC: Ecopetrol possible SHORT

Ecopetrol will limite his exploration and production cause "Energetic Transition".

Multiyear ascending channel
USDCOP
, 1W
Long
USDCOP: Multiyear ascending channel

Fundamentals: 1. Negative trade balance since 2014. 2. High crude oil prices failed to contain the negative current account. 3. Elections with eco-friendly candidates and one of them as favorite to win elections. Technicals: 1. Multiyear support in weekly chart. 2. ADX and MACD are up.. 3. Confirmed with three white soldiers weekly reversion from about 3650.

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