OIL - Critical Long term Areas
Crude here are the two most important long term areas to look into.
1. Upside- 32.50-33 regions - Until we clear that areas, we are a sell on rise markets.
2. Downside 18 regions is a long term swing consolidation dating back to 2000s
In case we get below that we are looking at new territory , so far the potential idea for play would be to test bounce of that areas or a failed breakdown and a pullback from here.
1. Upside- 32.50-33 regions - Until we clear that areas, we are a sell on rise markets.
2. Downside 18 regions is a long term swing consolidation dating back to 2000s
In case we get below that we are looking at new territory , so far the potential idea for play would be to test bounce of that areas or a failed breakdown and a pullback from here.
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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.