RIG is still chugging along. Looking to take out overhead resistance. Moving averages perking up favorable. May be a little bit overbought here but daily could still go higher and weekly indicators are still very favorable. In line with oil's rise this looks like it has room to run. Commodities should go up in 2020 as uncertainties continue to persist and Fed is on hold. Another 2020 fave.
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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.