Oil the Big picture
Friends
Thanks to Shreekrishna , i got to look at whats happening to Oil trends. Having broken a multi decade support @ 27 $, it now becomes the first resistance to cross and progressing to 50 + over a period of next year or so.
A break out above the descending trend-line can be retested to start charting multi year highs a few years down the line
Investors who are looking to a high risk trade can explore the Global ETF : USO for a play on Oil. Please understand the effects of contango and set your expectations accordingly
Warm regards
Srikanth
Thanks to Shreekrishna , i got to look at whats happening to Oil trends. Having broken a multi decade support @ 27 $, it now becomes the first resistance to cross and progressing to 50 + over a period of next year or so.
A break out above the descending trend-line can be retested to start charting multi year highs a few years down the line
Investors who are looking to a high risk trade can explore the Global ETF : USO for a play on Oil. Please understand the effects of contango and set your expectations accordingly
Warm regards
Srikanth
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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.