mcmalloch

$USOIL 4H double bottom?

Long
TVC:USOIL   CFDs on WTI Crude Oil
Oil found heavy demand at the key $82.10 level, which has been resistance since Nov 2022. Also above a monthly level at $83.28. Daily looks a bit choppy but 4H could be painting a double bottom with oscillators developing class A bullish divergence. This is all in the context of the current geopolitical landscape.
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.