Hi,
I am currently bearish on $usoil since i am expecting higher $dxy and there is lack of inflation (stil an important factor for oil).
Pure technically a large h&s could be formed on oil. in wich the right shoulder currently is beeing formed. However if the rightshoulder fails we might go towards 70usd oil or higher.
In that case this stock could be an opportunity.
Atm no buy advice. Just tracking.
I am currently bearish on $usoil since i am expecting higher $dxy and there is lack of inflation (stil an important factor for oil).
Pure technically a large h&s could be formed on oil. in wich the right shoulder currently is beeing formed. However if the rightshoulder fails we might go towards 70usd oil or higher.
In that case this stock could be an opportunity.
Atm no buy advice. Just tracking.
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