Long
Crude Oil
Crude oil has been one of the easiest trades I've made the past 12 months. Oil consumption was hit hardest through Covid bottoming out in APR 20 due to world wide lockdowns. Since then stronger demand and OPEC cuts have seen Crude move through the upper trend line which had previously held for 11 years.
Recent Delta cases and restrictions around the world have hindered the move up only slightly.
Personally id like to see crude not close below the lower trend line. But still see strong support on that previous resistance at the 60 region. but a close below 67 ill be assessing charts and world events on the outcome of this trade.
Recent Delta cases and restrictions around the world have hindered the move up only slightly.
Personally id like to see crude not close below the lower trend line. But still see strong support on that previous resistance at the 60 region. but a close below 67 ill be assessing charts and world events on the outcome of this trade.
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.
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.