Oil has just crossed a strong upwards trend line with 4 touch points indicating a move to the downside. Price target $71.50 in the short term.
Because of the situation in the middle east at the current moment, price has the potential to move back towards the previous swing high. If price closes above the opposite trend line I will cut all of my position.
Because of the situation in the middle east at the current moment, price has the potential to move back towards the previous swing high. If price closes above the opposite trend line I will cut all of my position.
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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.