i recently discussed the possibility of oil topping out,
but after diving a little deeper into the charts (specifically the energy sector) -
i've come to the conclusion that it wants to move higher.
---
i'm going to be looking for some chop in the days ahead, which can take oil down to anywhere between $99~$96
followed by a pretty nice move up to $156.
it can go higher theoretically, and i almost would expect it to, but that's my conservative upside target.
but after diving a little deeper into the charts (specifically the energy sector) -
i've come to the conclusion that it wants to move higher.
---
i'm going to be looking for some chop in the days ahead, which can take oil down to anywhere between $99~$96
followed by a pretty nice move up to $156.
it can go higher theoretically, and i almost would expect it to, but that's my conservative upside target.
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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.
i only share a tiny fragment of my ideas on this platform. to view my daily work, join the lunar syndicate 9 👇
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.