Based off chart analysis ,oil is forming a nice pattern easy to read and digest in this scenario I am waiting for it to either bounce on the purple line upwards side and depending on how the Middle east news pans out and the US oil inventory updates i will buy or sell off that with targets indicated in the chart
Its a matter of patience don't miss fundamentals when dealing with OIL
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.