FX:USOIL   عقود الفروقات السعرية للنفط الخام (WTI )

I guess we can not deny that oil returned back to its "normal prices".
I am so surprised by how quickly the market managed to recover, though lockdowns and restrictions still continue.

I guess market participants on oil are TOO optimistic. And the optimism will inevitably lead to a correction.

On a weekly, I have identified a major resistance cluster.
That structure is based on a falling trend line and a horizontal resistance.

Most likely a pullback will be initiated from that zone. So be very careful buying and instead, look for opportunities to sell.

Can we expect a bearish wave on oil?
What is your view?

Please, support this idea with like
Thank you!

✅Join My Telegram Channel: t.me/VasilyTrading

❗️YouTube Channel www.youtube.com/c/VasilyTrader

💰Instagram: www.instagram.com/VasilyTrader/ 💰

✅Facebook: www.facebook.com/VasilyTrading/
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.