Fundamental trends:
Technical trends:
Conclution
Overall trends tell in favor of future oil prices rising.
What do you think about the situation? Please, leave your comments
- Israel-Iran conflict does not seem to end soon, Israel might target iranian facilities more
- Recent insights suggest US involvement which whould lead to oil price rising.
Technical trends:
- Plot seems to develope an Elliot impulse wave with clear 1-3rd waves already built. This suggests the impulse wave must end with rising on 5th wave.
Conclution
Overall trends tell in favor of future oil prices rising.
What do you think about the situation? Please, leave your comments
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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.
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.