Looking at Brent Oil (and WTI) monthly price chart, one cannot help but to see similarities in their price movement. While Oil bottomed out Jan 2016 ("y"), it then later makes series of higher-highs ("i", "ii") & higher-lows. Almost similar price movement is not displayed recently with price bottomed out in April 2020 & has just made a Swing-high (i).
Moving forward, Oil is expected to pullback most likely towards the bullish-order candlestick (as highlighted in green), before commencing a more aggressive upward rally with immediate target at 75.
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades

Moving forward, Oil is expected to pullback most likely towards the bullish-order candlestick (as highlighted in green), before commencing a more aggressive upward rally with immediate target at 75.
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades

Smart Monies trade on Emotions and Sentiments. Let them work for you in taking calculated risks...
-YouTube Channel: @bullbearmkt331
-Telegram: t.me/BullbearMkts
-YouTube Channel: @bullbearmkt331
-Telegram: t.me/BullbearMkts
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.
Smart Monies trade on Emotions and Sentiments. Let them work for you in taking calculated risks...
-YouTube Channel: @bullbearmkt331
-Telegram: t.me/BullbearMkts
-YouTube Channel: @bullbearmkt331
-Telegram: t.me/BullbearMkts
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.