Kav1ka

Crude Oil To Reach $77 Per Barrel

Long
Kav1ka Updated   
FX_IDC:USDWTI   U.S. DOLLAR / WTI CRUDE OIL
Yesterday president Trump tweeted his negotiation with King Salman of Saudi Arabia to increase oil production. Later we discovered that it was all a lie. So we take a look at the technicals and so far, momentum is quite bullish. It is so bullish it could reach $77 per barrel. But, we'll wait to see how the market reacts from that tweet.

Happy Trading, folks!

Cheers!
Comment:
Comment:
Crude seems to be running out of steam on a lower timeframe. There's a possibility of a pullback before heading higher.

Comment:
Comment:
Not sure what happened to the other chart, but I found the original chart.
Comment:
Comment:

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.