There ae two important levels here
14.74 and 14.02 the two important levels of support. We don't have a crystal ball to know when the the bottom is in but we need to wait and see how price action interacts with the levels before we buy.
Likely a bullish divergence will form as it reaches 14.74 and if you are an investor I'd be ready to DCA to 14.02 .
The wedge drawn should also serve as a guideline for us. Imo the negative sentiment towards oil is overblown and we will need oil in the coming years despite the renewable movement , so it would be wise to invest in both.
14.74 and 14.02 the two important levels of support. We don't have a crystal ball to know when the the bottom is in but we need to wait and see how price action interacts with the levels before we buy.
Likely a bullish divergence will form as it reaches 14.74 and if you are an investor I'd be ready to DCA to 14.02 .
The wedge drawn should also serve as a guideline for us. Imo the negative sentiment towards oil is overblown and we will need oil in the coming years despite the renewable movement , so it would be wise to invest in both.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.