Marwan_Moallem

Scenario 1: Bearish Pattern to continue

Short
US30 to go down from here for the bearish channel formation to continue.

This scenario is supported by the following fundamental analysis:
As oil supply will be decreased, the dollar index is expected to further strengthen and this will put more pressure on the financial markets going forward.

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.