Crude Oil Over-extended!
I believe crude oil has been overextended, were the ongoing turmoil between Russia and Ukraine helped the commodity rally further yesterday. Meantime, as Putin backs-off, i believe crude oil could see a meaningful correction, especially that copper remains under pressure. We will probably see a retest of 100.50 support level.
If things escalate again on the political front, that may force prices higher again. At the end of the day, trading is a game of speculation, and never certain.
twitter.com/thefxchannel
thefxchannel.com
If things escalate again on the political front, that may force prices higher again. At the end of the day, trading is a game of speculation, and never certain.
twitter.com/thefxchannel
thefxchannel.com
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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.