Crude Oil- Short Idea
After rising for much of 2018, crude oil is reflecting softness amid global trade wars and economic slowdown worries. On the weekly chart, crude has breakdown of a triangle pattern and gives a target of $55 on percentage-basis. The target is expected to be reached in the next 7 months.
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.