Price now ranging in strong monthly supply box until momentum picks up.
Crude oil should slowly go up towards $62 - $68 monthly supply or "range of interest".
For those that want to go long, green box should be zone to place buy orders with ~$67 as a take profit.
MACD suggests that breakout should come in any direction quite soon on weekly/monthly basis.
*Keep in mind that this is a multi-week swing trade*
This is not a financial advise. Have a great day!
Crude oil should slowly go up towards $62 - $68 monthly supply or "range of interest".
For those that want to go long, green box should be zone to place buy orders with ~$67 as a take profit.
MACD suggests that breakout should come in any direction quite soon on weekly/monthly basis.
*Keep in mind that this is a multi-week swing trade*
This is not a financial advise. Have a great day!
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.
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.