Oil has been ripping. That is clear. But has it ripped too much?
Election coming. No way Biden doesn't do whatever he can to make oil cheap before election.
Currently at a triangle resistance hidden as a downtrend breakout.
Strong resistance at $84. 2 of past 3 days saw some selling pressure.
Expectation: If we start to break down I'm looking for $79-$80 for first target.
Breakout of $84 with volume could hit $88.
Must be aware of price action going into these levels. Trading levels alone is not enough. Trade carefully friends.
Election coming. No way Biden doesn't do whatever he can to make oil cheap before election.
Currently at a triangle resistance hidden as a downtrend breakout.
Strong resistance at $84. 2 of past 3 days saw some selling pressure.
Expectation: If we start to break down I'm looking for $79-$80 for first target.
Breakout of $84 with volume could hit $88.
Must be aware of price action going into these levels. Trading levels alone is not enough. Trade carefully friends.
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免責事項
この情報および投稿は、TradingViewが提供または推奨する金融、投資、トレード、その他のアドバイスや推奨を意図するものではなく、それらを構成するものでもありません。詳細は利用規約をご覧ください。