Oil shows that it is in a weak trend after breaking a trend line
Oil shows that it is in a weak trend after breaking a trend line within the descending channel line
Note that after several announcements by OPEC about the output cut, oil continued to react with decreases and also in the graph you can see a downward trend break
Note that after several announcements by OPEC about the output cut, oil continued to react with decreases and also in the graph you can see a downward trend break
Note
Note63 - 67 resistance
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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.