Oil retesting prior lows.. is that it?
Oil is testing prior lows from March 2015. While we may get a temporary reprieve from the selloff (see RSI sending oversold condition for a long time), the ultimate picture for oil continues to be one of oversupply. We have Fibonacci price targets set for 36.44 and 29.33.
We see 36.44 being a very realistic target at this point if the prior low is broken.
To sum it up, we may see a dead-cat-bounce effect at these prior lows but this will not automatically trigger a reversal of the selloff.
We see 36.44 being a very realistic target at this point if the prior low is broken.
To sum it up, we may see a dead-cat-bounce effect at these prior lows but this will not automatically trigger a reversal of the selloff.
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。