OPEC are producing more oil which should drive down the price of Oil in the short term. The overall trend is down so Id be looking to take a short where highlighted in the chart. It sits perfectly on the golden pocket, is aligned with a high volume node
Even if the info above is already factored in and the price moves up on Monday open, id expect some kind of reaction at this level
Even if the info above is already factored in and the price moves up on Monday open, id expect some kind of reaction at this level
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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.