Crude Deal coupled with Technicals to take Prices Lower.
Expecting a double top on double divergence leading to an "M" pattern taking oil back to missed monthly pivot.
Saudis have indicated that their crude production will increase substantially come August, and it will be not by the "hundreds of thousands, not tens of thousands, of barrels.(1)"
1.) Reed, Stanley, "Saudis, Saying They Heard Price Complaints, Are Raising Oil Production." New York Times, June 23, 2018
Saudis have indicated that their crude production will increase substantially come August, and it will be not by the "hundreds of thousands, not tens of thousands, of barrels.(1)"
1.) Reed, Stanley, "Saudis, Saying They Heard Price Complaints, Are Raising Oil Production." New York Times, June 23, 2018
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.