Oil Trade... July 2024
Even Oil is looking like it is going to continue to trade sideways, look to Low/Mid 70's to Buy and Sell at or above $85. $80 seems to be a happy medium in the trading range and we are currently at $82.81 right now...
I will be posting about this sideways trading range for subscribers, look at a couple of trading ETFs in both Canada and the US, and look at some Oil Producers trading ranges. I will also be sharing my thoughts on the price of oil based on Election results. For now, I think this trading range holds unless we get some geopolitical event to break out of the range, and then it goes higher if any disruption to supply happens.
Even Oil is looking like it is going to continue to trade sideways, look to Low/Mid 70's to Buy and Sell at or above $85. $80 seems to be a happy medium in the trading range and we are currently at $82.81 right now...
I will be posting about this sideways trading range for subscribers, look at a couple of trading ETFs in both Canada and the US, and look at some Oil Producers trading ranges. I will also be sharing my thoughts on the price of oil based on Election results. For now, I think this trading range holds unless we get some geopolitical event to break out of the range, and then it goes higher if any disruption to supply happens.
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.