My first analysis on US Oil.
We are in a clear downtrend on the monthly time frame and price continues to make lower lows on the lower tome frames (4HR - 1 W).
Short term pullbacks offer selling opportunities.
Keep in mind that over the following week we have the following news data:
June 3 - June 7:
Final Manufacturing PMI
ISM Manufacturing PMI
JOLTS Job Openings
ADP Non-Farm Employment Change
ISM Services PMI
Unemployment Claims
Average Hourly Earnings m/m
Non-Farm Employment Change
Unemployment Rate
We are in a clear downtrend on the monthly time frame and price continues to make lower lows on the lower tome frames (4HR - 1 W).
Short term pullbacks offer selling opportunities.
Keep in mind that over the following week we have the following news data:
June 3 - June 7:
Final Manufacturing PMI
ISM Manufacturing PMI
JOLTS Job Openings
ADP Non-Farm Employment Change
ISM Services PMI
Unemployment Claims
Average Hourly Earnings m/m
Non-Farm Employment Change
Unemployment Rate
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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.
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.