📈 Crude Oil Alert! 📈
Hey traders!
Crude oil is showing potential for more upside momentum. Here's why I'm bullish:
20-day MA Support: The recent pullback found solid support at the 20-day moving average on the daily chart—a key level to watch.
Seasonal Strength: We're in a strong seasonal window for crude, historically a growth period.
Consensus Fair Value: Analysts peg the $80 zone as a fair price, adding to the bullish case.
Keep an eye on these levels—this could be a solid opportunity! Happy trading! 🚀
Hey traders!
Crude oil is showing potential for more upside momentum. Here's why I'm bullish:
20-day MA Support: The recent pullback found solid support at the 20-day moving average on the daily chart—a key level to watch.
Seasonal Strength: We're in a strong seasonal window for crude, historically a growth period.
Consensus Fair Value: Analysts peg the $80 zone as a fair price, adding to the bullish case.
Keep an eye on these levels—this could be a solid opportunity! Happy trading! 🚀
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.
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.