Oil has taken out a long term liquidity level and had a market shift, the growing tensions between Israel and Iran may fuel a demand for oil as well as oil being under valued when all other markets had been inflated due to inflation. We will see how this market moved but it is very interesting to have a look out for bullish opportunities to the upside.
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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.