CFDs on WTI Crude Oil
Short

SHOOTING STAR CANDLE :: REVERSAL :: USOIL DOWN

229
Well, if you believe in candlestick patterns then look no further. Spotted a SHOOTING STAR candle on Daily Chart...

We should be going down from current levels.

From the fundamental point of view there will be an OPEC meeting very soon where and expected hike in the output is the key player here.

Furthermore, If Iran reaches a new deal with USA/EU then we might go back to low 60, high 50s. Everyone seems happy with those prices.

Cheers. Don't miss out this call.

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.