WTI - Third Time's the Charm
Yet to see a convincing upside breakout for WTI. Global growth is slowing and consumption is falling. What can save oil: massive supply disruption via conflict/war, USD debasement, coordinated production cuts (highly improbable, and if so only in name and not in practice). Bias is a double-bottom in oil but these political and monetary lunatics could go go off-script.
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.