Hi Traders,
We are probably very close to a bottom in crude oil prices due to last hike on Fed Funds interest rates.
The charts shows certain correlation , not purely exact but it provides forward guidance, with the exceptional period of QE .
Technically it formed a channel that supports reversion to the mean
Not necessarily represents an inmediate rally in crude oil prices, but a consolidation period .
I hope it helps
Josep Pocalles
We are probably very close to a bottom in crude oil prices due to last hike on Fed Funds interest rates.
The charts shows certain correlation , not purely exact but it provides forward guidance, with the exceptional period of QE .
Technically it formed a channel that supports reversion to the mean
Not necessarily represents an inmediate rally in crude oil prices, but a consolidation period .
I hope it helps
Josep Pocalles
Josep Pocalles
Top Technical Analysis Voice
linkedin.com/in/josep-pocalles/
One-to-One Trading Coach & Mentor
Track Record
myfxbook.com/portfolio/realisto/11589129
Top Technical Analysis Voice
linkedin.com/in/josep-pocalles/
One-to-One Trading Coach & Mentor
Track Record
myfxbook.com/portfolio/realisto/11589129
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.
Josep Pocalles
Top Technical Analysis Voice
linkedin.com/in/josep-pocalles/
One-to-One Trading Coach & Mentor
Track Record
myfxbook.com/portfolio/realisto/11589129
Top Technical Analysis Voice
linkedin.com/in/josep-pocalles/
One-to-One Trading Coach & Mentor
Track Record
myfxbook.com/portfolio/realisto/11589129
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.