[BREAKOUT] OIL POPS 50 DAY MOVING AVERAGE
The Oil range has been riddled with all types of trader manipulation including a threat from middle eastern oil ministers. The only traders smiling now are the ones who bought dips consistently over the past few weeks.
The range was a setup for a large breakout. Getting traders used to earning for dumping at the top of the range created a dip buying opportunity for large players. The breakout is timely and syncs up with the flow of money out of the dollar and into assets with a positive carry.
DXY under pressure and China stimulus a conversation worth focusing on reveals appetite for value relative to the dollar.
The next clear level of resistance is trading at 87/bbl.
The range was a setup for a large breakout. Getting traders used to earning for dumping at the top of the range created a dip buying opportunity for large players. The breakout is timely and syncs up with the flow of money out of the dollar and into assets with a positive carry.
DXY under pressure and China stimulus a conversation worth focusing on reveals appetite for value relative to the dollar.
The next clear level of resistance is trading at 87/bbl.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.