I'm looking at this thinking, there is potential from $57 USoil will meet heavy resistance.
If a pull back ensues, I'd expecting a retraction of price until 30 trading days (March 17th), I'd target a price pull back of 15% (around $48).
Maybe over longer time frames, in 100 trading days, it is could drop much further, but there are no instruments to take advantage of that kind of move available as far as I know.
In the time period of this bearish scenario, the market should pull back, especially financial sector, energy sector and industrials.
If a pull back ensues, I'd expecting a retraction of price until 30 trading days (March 17th), I'd target a price pull back of 15% (around $48).
Maybe over longer time frames, in 100 trading days, it is could drop much further, but there are no instruments to take advantage of that kind of move available as far as I know.
In the time period of this bearish scenario, the market should pull back, especially financial sector, energy sector and industrials.
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Supports at $55 and $53.90Nota
As for longer time frames, I'm still looking at a large retracement over next 100 trading days (until around September/October time)Nota
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For the market is to carry on trending up, it needs to get over this speed bump.Nota
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.