Oil to retest 2018 highs again - $76.88
Oil continues to push higher and has broken out of the recent descending channel with strong momentum and indicators reset on the daily timeframe.
Should retest the 2018 highs (76.88) again shortly.
This time it may even break through and continue marching higher...
Looking at the weekly timeframe - if we do break through the 2018 high, I am thinking we will see oil push to $100-105ish mark (2011-2014 highs) in the near future
Should retest the 2018 highs (76.88) again shortly.
This time it may even break through and continue marching higher...
Looking at the weekly timeframe - if we do break through the 2018 high, I am thinking we will see oil push to $100-105ish mark (2011-2014 highs) in the near future
Transaction en cours
I remain bullish Note
Ding ding ding Note
Still riding the daily channel up But I'm also still watching for any reactions to last week's megaphone (top resistance turned support?) for clues for potential interim topping pattern
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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.