For a very long term of view, maybe end of 2019 till early of 2020, we shall see a bull in oil.
Technically wise, 5th time of touching the trend line is almost final decision of a big movement: whether up or down. From the recent movement of oil, it rejected lower low, seems like people already used to bad news on oil. Not much effect on oil price as compared to previous when there's some bad news release.
In my point of view, the world is not ready for recession yet, as everybody has noticed it, then it will not happen, till people pump money to the market crazily. There is when the bear will take over.
Risk appears when nobody notice it.
Trump and China is started to talk, Hong Kong willing to settle the riot, UK rejected no-deal Brexit.
What's in your mind? Let's talk :)
Join my telegram channel (JinSon Forex Perfect Pips) to get more free analysis and signals ( Oil , Gold , Indices, USD pairings)
Technically wise, 5th time of touching the trend line is almost final decision of a big movement: whether up or down. From the recent movement of oil, it rejected lower low, seems like people already used to bad news on oil. Not much effect on oil price as compared to previous when there's some bad news release.
In my point of view, the world is not ready for recession yet, as everybody has noticed it, then it will not happen, till people pump money to the market crazily. There is when the bear will take over.
Risk appears when nobody notice it.
Trump and China is started to talk, Hong Kong willing to settle the riot, UK rejected no-deal Brexit.
What's in your mind? Let's talk :)
Join my telegram channel (JinSon Forex Perfect Pips) to get more free analysis and signals ( Oil , Gold , Indices, USD pairings)