JoseDN

No Clear Direction

TVC:USOIL   CFDs on WTI Crude Oil
After breaking abruptly upwards, there is not a clear direction for oil in the neat short/medium term. The rational thing, considering Trump comments on oil production and concerns on inflation, is that the price should go down. However, technically there is not a car direction. For now, we do not take any unnecessary risks and wait for a confirmation.

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.