girolamoaloe

OIL is rising into the large trading area, compared with USO ETF

OANDA:WTICOUSD   West Texas Oil
#OIL is rising into the large trading area. Nothing to do here. Just let it go. This chart is compared with #USO Oil and Gas ETF . They always move in the same way. But in the last weeks, we can see a discrepancy in the percentages. The demand increased during the last fall. Then, it marked a new Accumulation Point. Now you see a rally that started with a large spread. This would be a suggestion that the price could mark a transitional place relatively soon.
Girolamo Aloe - https://girolamoaloe.com/
Supply Demand Wyckoff Trading Mentor.
Founder of Profiting Me - https://profiting.me/
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