I think we can expect some two-sided markets in oil for days, maybe weeks to come. I know the OPEC meeting is around a month away, so that maybe will give a push to where we might be headed next.
If we break the $48 level, I'd expect that we mosey on down to close to the $40 level and see who wants some more.
If we break the $48 level, I'd expect that we mosey on down to close to the $40 level and see who wants some more.
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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.