Oil surges higher as OPEC agreed to reduce its oil output
Oil surges higher as OPEC agreed on Wednesday to reduce its oil output to 32.5 million bpd from the current production levels of around 33.24 million bpd.
Price approaching higher selling zone at 47.5x - 47.7x. Look for bearish price action.
Look for pullback into support for buying opportunities.
Price approaching higher selling zone at 47.5x - 47.7x. Look for bearish price action.
Look for pullback into support for buying opportunities.
I may trade all, some or none of the ideas posted. All of my contributions are for educational purposes only. 'TRADE What You SEE'' and all the best!
Related publications
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.