Ever since the start of the year we have seen a bounce back higher for oil ever since the massive drop late last year.
That consolidation and the pullback higher can be seen green line being cracked finally in the last couple of days. Because of this and along with all the things going on with the EURO right now, I am anticipating a further push down to a potential target of 49.00 along w the CS Levels supporting it beneath.
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.