Today's focus: Oil
Pattern – Lower High
Support – 86.00
Resistance – 86.87 - 89.12
Hi, and thanks for checking out today's update. Today, we are looking at oil on the daily chart. Since price started to week with a sharp gap higher, we are continuing to watch these new levels and whether they will become set on the medium or long term.
Demand worries and peak price were a concern not too long ago as we saw prices move down to around the $82 level.
Has this rally been a flash in the pan, and will sellers fill the gap? Or Has the dynamic changed in the short term, and could we see a new move from buyers to lock in these highs and re-test $89?
Good trading.
Pattern – Lower High
Support – 86.00
Resistance – 86.87 - 89.12
Hi, and thanks for checking out today's update. Today, we are looking at oil on the daily chart. Since price started to week with a sharp gap higher, we are continuing to watch these new levels and whether they will become set on the medium or long term.
Demand worries and peak price were a concern not too long ago as we saw prices move down to around the $82 level.
Has this rally been a flash in the pan, and will sellers fill the gap? Or Has the dynamic changed in the short term, and could we see a new move from buyers to lock in these highs and re-test $89?
Good trading.
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.