Christmas Fall?
1. A clear break of 58.2 would see the yearly high of 59.02 being tested
2. However even after OPEC's meeting and the supply disruptions in the past 3 weeks, prices couldn't break the yearly high set prior to the meeting thus my view is that 58.2 would likely hold
3. If this is true, a test of 57 seems to be the case after the X'mas holiday
* Any extreme correction in the financial markets or negative news in OPEC/non-OPEC compliance will put downward pressure to oil price in the upcoming weeks/months (55 & 52 could be tested in Jan & Feb)
2. However even after OPEC's meeting and the supply disruptions in the past 3 weeks, prices couldn't break the yearly high set prior to the meeting thus my view is that 58.2 would likely hold
3. If this is true, a test of 57 seems to be the case after the X'mas holiday
* Any extreme correction in the financial markets or negative news in OPEC/non-OPEC compliance will put downward pressure to oil price in the upcoming weeks/months (55 & 52 could be tested in Jan & Feb)
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.