Oil dip on the way?
Crude Oil may be losing some of the geopolitical war premium.
Signs of weakening economy may not be enough to keep oil uptrend.
SP500 (blue line on chart) may also be lining up with the same potential drop in crude oil.
Crude Oil 80-81 level is support, breaking that could imply a exention lower to near 75.
Signs of weakening economy may not be enough to keep oil uptrend.
SP500 (blue line on chart) may also be lining up with the same potential drop in crude oil.
Crude Oil 80-81 level is support, breaking that could imply a exention lower to near 75.
Trade closed: target reached
closing trade and reassessing.Note
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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.