Oil on the weekly chart shows a strong downtrend probably due to economic policies and over production.
This week we have to remain cautious and stick to known levels off previous support and resistance.
For a buy ill look at entering at 70.80 and follow up through the marked levels.
For a sell entry ill look at 70.20 expecting 69.30, 67.80 and high support at 67.00 to 66.80 levels.
Check out my other trade ideas linked below for Gold
This week we have to remain cautious and stick to known levels off previous support and resistance.
For a buy ill look at entering at 70.80 and follow up through the marked levels.
For a sell entry ill look at 70.20 expecting 69.30, 67.80 and high support at 67.00 to 66.80 levels.
Check out my other trade ideas linked below for Gold
Trade active
Buy level at 70.80 running 37 pips , USA holiday today Monday markets slowNote
tradingview.com/chart/F3YPCgaU/Running on the buy 150 pips
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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.
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.