OIL - watch this carefully
Watch the Next 50 cents very carefully. Oil needs to make lower lows and stay in the band.
Right now all forces are pointing South
Right now all forces are pointing South
- Oil continues to go down on high volume.
- MA 50 (Red line) is below MA 200 (Grey line)
- China is just starting to end it's massive strategic reserve buying
- Iran is doubling it's production
- US production has gone up
- Canadian stock is hitting the market again
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Related publications
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.