Note: these are my notes and are not to be taken as trading advice. Trade at your own risk.
A few reasons oil could test $60 and then $58 soon.
A few reasons oil could test $60 and then $58 soon.
- WTI and Brent price difference closing
- Markets overall could continue down this week / next week, bringing oil with it
- USA has become an exporter and the USD / DXY could be bearish even if they are up (on edge between negative / positive correlation)
Trade active
Should have been a build. Would re-short from these levels. Imports were very small but barely a draw. If imports increase at all we will see builds.Trade active
Oil still going to $60 and below. Following the market lower.
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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.