Will Oil test $55 by march end?
Crude is forming reversal patterns on daily charts since $31 that might take it to $45, now it has also started to show signs on weekly charts.
USD/CAD showing a downtrend now, it has inverse relationship with Crude.
Higher then Average volumes on Demand Day after 4 months is also a good indication.
Closing above $31 this week will be a good indication.
USD/CAD showing a downtrend now, it has inverse relationship with Crude.
Higher then Average volumes on Demand Day after 4 months is also a good indication.
Closing above $31 this week will be a good indication.
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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.