Rinehart

Two different scenarios for OIL

TVC:USOIL   CFDs on WTI Crude Oil
2
If we can close above the neckline strongly, OIL is going to $75 a barrel with 6 months. Also likely and probably fitting into the strong USD idea is a rejection of the neckline with Price Action. A short down to the right should at this point is a solid trade.
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.