If price makes it to the purple zone and starts to show signs of rejection, I think price will drop to around 109.60.
News I'm watching out for. (all pairs)
Comments about the timeline of interest rate hikes.
Comments about quantitative easing (tapering or not).
Keep an eye on the opec+ spat. Watch for tapering of production cuts. Watch for oil demand projections returning to pre-pandemic levels earlier than expected.
Any news about vaccines being ineffective against new variants of the virus.
News about more lockdowns due to virus variants.
GL Traders!
"You don’t need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beats the guy with 130 IQ." - Warren Buffett
News I'm watching out for. (all pairs)
Comments about the timeline of interest rate hikes.
Comments about quantitative easing (tapering or not).
Keep an eye on the opec+ spat. Watch for tapering of production cuts. Watch for oil demand projections returning to pre-pandemic levels earlier than expected.
Any news about vaccines being ineffective against new variants of the virus.
News about more lockdowns due to virus variants.
GL Traders!
"You don’t need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beats the guy with 130 IQ." - Warren Buffett
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✅ My Site: natronfx.com
✅ Twitter: twitter.com/natronfx
✅ YouTube: youtube.com/@natronfx
✅ TikTok: tiktok.com/@natronfx
