We have already seen about 25% decline from the $130 top in March 2022.
However looking at the monthly chart, we might be in the middle of further decline.
Notice the divergence of slow stochastics indicated in the chart, so we should be aware of further risk of decline with a strong support around $65 area.
2 interesting facts as of today:
- Interestingly MACD of weekly charts of Crude Oil Inverse ETFs, say HOD, are showing a possibility of trend change.
- Crude Oil future contracts are in backwardation. (Yahoo! finance would be a nice tool to see this.)
However looking at the monthly chart, we might be in the middle of further decline.
Notice the divergence of slow stochastics indicated in the chart, so we should be aware of further risk of decline with a strong support around $65 area.
2 interesting facts as of today:
- Interestingly MACD of weekly charts of Crude Oil Inverse ETFs, say HOD, are showing a possibility of trend change.
- Crude Oil future contracts are in backwardation. (Yahoo! finance would be a nice tool to see this.)
Penerbitan berkaitan
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.
Penerbitan berkaitan
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.