Hello Traders
This week oil price jumped almost +12.5$ from the opening price on Monday and ended in a big green weekly candle.
2 major factors affected Oil prices:
1- OPEC has reduced its production limit.
2- Cold seasons started in Europe and demand for energies such as oil has soared.
Technically:
1- Price has broken a falling wedge pattern.
2- Price has made a big green weekly candle.
3- Also the price has made a local higher high indicating a reversal in trend.
If you like it then Support us by Like, Following and Sharing.
Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
This week oil price jumped almost +12.5$ from the opening price on Monday and ended in a big green weekly candle.
2 major factors affected Oil prices:
1- OPEC has reduced its production limit.
2- Cold seasons started in Europe and demand for energies such as oil has soared.
Technically:
1- Price has broken a falling wedge pattern.
2- Price has made a big green weekly candle.
3- Also the price has made a local higher high indicating a reversal in trend.
If you like it then Support us by Like, Following and Sharing.
Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。
免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。