RUSSIA VS UKRAINE Hello every one i said about oil 2 weeks ago now i updated this chart and added new idea about oil
ok. as you see Oil can see higher prices and after reaching the specified points can fill its inefficiencies and come down on the other hand because in this chart in the weekly time frame we have meditation and all areas of demand have been consumed can fall well after the Ukraine-Russia war
But as I said, this chart wants to experience prices from $ 105 to $ 120 and then come down.
I wish you a good day.
Oilbull
US Oil LongUpdating my idea last week with a lower buy limit order around @65 and TP still @70 and SL near @64. This is based on bullish overall market sentiment on Oil and price arbitrage opportunity.
www.marketwatch.com
www.bloomberg.com
business.financialpost.com
oilprice.com
oilprice.com
Daily:
Weekly:
Confidence: B (oil is more likely to consolidate at 65 in the short-term, but in the long run it is expected to rise --except if rising US shale oil inventories disrupt the supply-demand momentum as well as fear about another 2008 market crash but this time triggered by oil once OPEC together with Russia, "artificially" boost its price up by extending the December supply limit agreement up to next year)
