muzzdogg

Oil bouncing here at this trend line with a mini triple top

Short
OANDA:WTICOUSD   West Texas Oil
Oil may retreat from this long term trend line. Oil dmeand is reduced due to global lockdowns. Price recently supported by Saudi cut. If price does fall significantly then the Saudi's may cange their supply again contributing to more price wars. Depends on relationsip they have with new US administration.
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.