OIL
After wicking 2 previous day lows on monday 22/04 and testing daily support zone(71.5 - 81), price then formed a W pattern and gave a bullish engulfing. Combined with weak US Dollar I'm gong inclined.
Awaiting price to breach the resisting zone we are at the moment. Note that OIL is on bullish trend long term.
Awaiting price to breach the resisting zone we are at the moment. Note that OIL is on bullish trend long term.
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.