A tale of three views! $USOIL
Investigating oil I see three different scenes:
Daily as the chart above shows appears neutral/bullish
Weekly appears incredibly bearish
While monthly still appears to say up
In this environment it is too difficult for me to trade - the global concerns I would imagine would dampen oil. Especially if the dollar strengthens.
Daily as the chart above shows appears neutral/bullish
Weekly appears incredibly bearish
While monthly still appears to say up
In this environment it is too difficult for me to trade - the global concerns I would imagine would dampen oil. Especially if the dollar strengthens.
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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.