A month ago, I said oil price would fall back to $ 40-42 per barrel
The lowest price of this decline is $ 42.07
At the moment, I see some signs that price is rebounding
On daily chart :
-It still activates in a descending triangle
-Price touches the support lines and bounce up
-MACD signal
On H4 chart :
Price was the down channel
On monthly chart :
The lowest price of this decline is $ 42.07
At the moment, I see some signs that price is rebounding
On daily chart :
-It still activates in a descending triangle
-Price touches the support lines and bounce up
-MACD signal
On H4 chart :
Price was the down channel
On monthly chart :
Note
Note
Note
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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.