Oil consilidation, opportunity to trade in range? (Monthly view)
This is an idea i had on oil. I'm new so don't take my advice, but please give me advice on how to better give advice :^)
Oil broke resistance, which will now serve as support. I don't see oil going higher until the political issues are cleared out, so im betting on a consilidation in this range. It could be a good idea to stay away until a solid near-term trend emerges.
(of course i'm short, but that might be stupid as i don't know what will happen mid-late marsch)
Oil broke resistance, which will now serve as support. I don't see oil going higher until the political issues are cleared out, so im betting on a consilidation in this range. It could be a good idea to stay away until a solid near-term trend emerges.
(of course i'm short, but that might be stupid as i don't know what will happen mid-late marsch)