Oil has been ripping. That is clear. But has it ripped too much?
Election coming. No way Biden doesn't do whatever he can to make oil cheap before election.
Currently at a triangle resistance hidden as a downtrend breakout.
Strong resistance at $84. 2 of past 3 days saw some selling pressure.
Expectation: If we start to break down I'm looking for $79-$80 for first target.
Breakout of $84 with volume could hit $88.
Must be aware of price action going into these levels. Trading levels alone is not enough. Trade carefully friends.
Election coming. No way Biden doesn't do whatever he can to make oil cheap before election.
Currently at a triangle resistance hidden as a downtrend breakout.
Strong resistance at $84. 2 of past 3 days saw some selling pressure.
Expectation: If we start to break down I'm looking for $79-$80 for first target.
Breakout of $84 with volume could hit $88.
Must be aware of price action going into these levels. Trading levels alone is not enough. Trade carefully friends.
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。