Bullish fundamentals are potentially setting up 'higher-for-longer' oil prices.
I think we might see a retrace down to the trend-line area given how far we have extended. Although, in any case be ready to jump on a bullish move.
If we start creating downtrend structure then sentiment might have shifted, noting US / EURO growth rates / interest rates are also being looked at by institutions as key demand factors.
I think we might see a retrace down to the trend-line area given how far we have extended. Although, in any case be ready to jump on a bullish move.
If we start creating downtrend structure then sentiment might have shifted, noting US / EURO growth rates / interest rates are also being looked at by institutions as key demand factors.
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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.