Oil Futures (January 3rd 2021 through March 2021)
Low: $47.16
High: $54.74
I think the 2 targets of $51.53 and $54.74 are possible in the next few months. There could be a significant correction or worse after $54 is hit, could be a natural reaction to newly found profits, but there is a good chance it exceeds that later on as well. Will be interesting to watch as I feel I don't watch oil futures enough.
The orange box is my weekly idea made for Cindicator forecasting.
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
Low: $47.16
High: $54.74
I think the 2 targets of $51.53 and $54.74 are possible in the next few months. There could be a significant correction or worse after $54 is hit, could be a natural reaction to newly found profits, but there is a good chance it exceeds that later on as well. Will be interesting to watch as I feel I don't watch oil futures enough.
The orange box is my weekly idea made for Cindicator forecasting.
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
