Yesterday president Trump tweeted his negotiation with King Salman of Saudi Arabia to increase oil production. Later we discovered that it was all a lie. So we take a look at the technicals and so far, momentum is quite bullish. It is so bullish it could reach $77 per barrel. But, we'll wait to see how the market reacts from that tweet.
Happy Trading, folks!
Cheers!
Happy Trading, folks!
Cheers!
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Crude seems to be running out of steam on a lower timeframe. There's a possibility of a pullback before heading higher.
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Not sure what happened to the other chart, but I found the original chart.
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