Crude oil started dropping since Feb 4th, and now I believe it is great price for trend reversal. Supporting zone of 52$ is holding oil price really well. Trend line is holding the price really well too. Elliot ABCDE correction is now over, so big movement can be started by now.
Trade active
One little retest and strongly broke the resistance line. Now it is best to wait for little pullback and enter for long.
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.