1. A clear break of 58.2 would see the yearly high of 59.02 being tested
2. However even after OPEC's meeting and the supply disruptions in the past 3 weeks, prices couldn't break the yearly high set prior to the meeting thus my view is that 58.2 would likely hold
3. If this is true, a test of 57 seems to be the case after the X'mas holiday
* Any extreme correction in the financial markets or negative news in OPEC/non-OPEC compliance will put downward pressure to oil price in the upcoming weeks/months (55 & 52 could be tested in Jan & Feb)
2. However even after OPEC's meeting and the supply disruptions in the past 3 weeks, prices couldn't break the yearly high set prior to the meeting thus my view is that 58.2 would likely hold
3. If this is true, a test of 57 seems to be the case after the X'mas holiday
* Any extreme correction in the financial markets or negative news in OPEC/non-OPEC compliance will put downward pressure to oil price in the upcoming weeks/months (55 & 52 could be tested in Jan & Feb)
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.