mmdcharts

When oil is bottoming, the end is near

TVC:USOIL   CFDs on WTI Crude Oil
I believe when oil reaches a low level, the end is near because other players will not accept losing.

What does the action they take so they don't lose? Flip the table.

Lower oil also coincides with the bottoming of stock markets :


Gold also starts to rise so it seems that the Investor has found their risk appetite after Hoarding Cash (shows they are really really concerned).

XAUUSD

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.