What a crazy year our world has seen! Oil is definitely no exception. I was doing great, then started messing up big time and needed to step away for a while and build things back up. So now that. I am starting to make a comeback, let’s take a look at what is going on with oil. As others have stated, oil has been in consolidation for the last three months. Looking at the pattern, I believe we will have another move to the upside. Probably not as dramatic as we saw going into June, increasing 110/BBL, but probably a $2-3/bbl increase. The hourly, 4 hour, and daily charts seem to point towards an increase. I am taking shorter gains to build back up, but looking to do that for a while as oil moves back towards its comfort zone of $50-$60/bbl. We won’t get there anytime soon, but I believe that is where US oil will eventually settle. Invest carefully, use stops, do your own research. Have a great and profitable weekend!!!
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.