Just some thoughts.
Daily showing a potential bullish move up. Weekly still showing bearish momentum so any position should be treated with caution.
We could see a short term bullish move followed by a retracement. It would be interesting to see if price action will trade within a defined channel; (50.18 - 53.86).
At first I thought OIL was about to make a big reversal until I spent a bit more time....It's also sitting jsut above a key ratio level so any dropped below current support could quickly take OIL down to low 40's.
What does everyone else think? I'm in neutral right now.
Daily showing a potential bullish move up. Weekly still showing bearish momentum so any position should be treated with caution.
We could see a short term bullish move followed by a retracement. It would be interesting to see if price action will trade within a defined channel; (50.18 - 53.86).
At first I thought OIL was about to make a big reversal until I spent a bit more time....It's also sitting jsut above a key ratio level so any dropped below current support could quickly take OIL down to low 40's.
What does everyone else think? I'm in neutral right now.
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.
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.