Oil to go higher. Part 1
This is part one (1) of two analyses. This is
of course on daily basis. You should pay
attention to the number 2 on indicator and
on graph. The price where took a lower low
but MACD took a higher low. A positive divergens.
What to expect? Saudi Arabia will only free oil
production if Iran joins. This fundamental news
puts pressure on oil. It is likely we will see
a rebound on prices of 32-33 USD/per barrel.
of course on daily basis. You should pay
attention to the number 2 on indicator and
on graph. The price where took a lower low
but MACD took a higher low. A positive divergens.
What to expect? Saudi Arabia will only free oil
production if Iran joins. This fundamental news
puts pressure on oil. It is likely we will see
a rebound on prices of 32-33 USD/per barrel.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.