Oil has been in a very strong bullish trend since the start of the war between Russia and Ukraine.
Price first gave a pennant continuation which didn't play out as well as thought.
The market has now given us a double bottom which can commonly represent a bullish continuation, and in this contact it does.
We also have the confluence of the falling wedge. We should look to long and have our Targets at the prices marked in red.
Price first gave a pennant continuation which didn't play out as well as thought.
The market has now given us a double bottom which can commonly represent a bullish continuation, and in this contact it does.
We also have the confluence of the falling wedge. We should look to long and have our Targets at the prices marked in red.
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.