Crude chart weakness & looking at weakness of CAD & NOK in recent days it was evident that crude oil will get weaker ahead. As long as it doesn't break above trend line, chances are towards downside considerably. Demand is weakening due to global growth concerns and US-IRAN tension is defusing gradually.
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.