Light Crude Oil FuturesUpdated Above the yellow line
Above the yellow line, price is back in the upward channel, released from previously.
Trade active
Waiting for move above yellow line and then looking for indication from price action that it can stay. I’m thinking moves upward until OPEC meeting on June 20-21, after which I have no assesment yet. I don’t see many cases for lower prices after the meeting. Cloudy the future is.Note
Waiting to see if it fails to stay above or below primary yellow support line Tomorrow’s draw may give it a boost from speculators.
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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.