The price of oil per barrel will definitely soar high but I see a chance of sell opportunity before its long momentum, currently looking at a clear sell chance for at least $4 price reduction per barrel of oil. XTIUSD is currently trading in my supply zone....so i expect more sells to jump into this market.
NB: All eyes on the breakout zone (blue box region) to accelerate or decelerate rice movements. Red box ( rejection zone) might or will serve as a chance for another entry for sell or a push up to soar price movements high.
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.