Technical:
- strong mirror support.
- false breakdown below that mirror support and retest from above.
Fundamental:
- number of futures contracts increasing from recent lows; / long
- seasonal refinery maintenance (now) will finish in Nov-Dec ; / long
- end of China's lockdowns; / long
- price cap on Russian oil; / long
- OPEC+ 2MMbls/d cut from november / long
- end of SPR release in Nov; /long
- more oil consumption in EU due to lack/high prices of NG
- strong mirror support.
- false breakdown below that mirror support and retest from above.
Fundamental:
- number of futures contracts increasing from recent lows; / long
- seasonal refinery maintenance (now) will finish in Nov-Dec ; / long
- end of China's lockdowns; / long
- price cap on Russian oil; / long
- OPEC+ 2MMbls/d cut from november / long
- end of SPR release in Nov; /long
- more oil consumption in EU due to lack/high prices of NG
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.
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.