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USOIL The core logic for going long on crude oil next week is "a corrective rebound after the exhaustion of negative factors". The implementation of a moderate increase in production by OPEC+ has been confirmed, the bottom demand support has been provided, and the technical overbought signals have resonated, offering a high degree of certainty for short-term long positions. Idea: How did crude oil take over an… tradingview.com/x/c7CwFsn2/
USOIL since I'm politically interested I always read the news and try to find a relation to how the oil market is reacting. Turns out the Iranian revolutionary guard seized an oil tanker in the Persian Gulf today. it might be an explanation why oil went up this much.
USOIL Oil loves to gap over the weekends, it wont surprise me if it re opens around the 63 mark, its the most manipulated market from my experience mind how you hold your shorts. Technicals are saying long if it changes I will update you all :)