Oil does not look bullish. I expected oil to move to ATHs like the indexes but this looks to be the beginnings of bearish trend.
Notice it got back to the expanding pennant pattern and below support now resistance. Do not buy this nor gold the trend is
over as I see it. No evidence this will go back up for now. All the fundamentals and people who use them will be wiped out.
Notice it got back to the expanding pennant pattern and below support now resistance. Do not buy this nor gold the trend is
over as I see it. No evidence this will go back up for now. All the fundamentals and people who use them will be wiped out.
Note
Those hoping war would make them rich..,well. Think again. So Biden made oil go higher and now lower, or it doesn't work like that at all. See how the fundamentals are always SOOO off, but it isn't funny to me to see how wrong the majority are wrong on just about ANYTHING, its sad. We were prepared with our humble little charts and could see the rise and fall of oil. We can't get it 100% correct all the time but we clue in when we may be slightly off. Chart after chart we clue in to the technical sentiment and make correct decisions based on the probabilities of said outcome, not blame it on something or someone.
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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.