Looks to me like oil is set for a 3 wave correction. With the OPEC+ talks on output and the future of the cartel in question...volatility will likely remain high.
Yet if this is a 3 wave correction...we should see a good support around $72.15 to go long.
Yet if this is a 3 wave correction...we should see a good support around $72.15 to go long.
Note
Correction...NOT $72.15. Entry is $70.87
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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.