USOIL Technical Analysis December 2019
Energy stocks are higher, taking suggestions from more general equity futures as well as the three-month highs achieved by the crude oil market with WTI shortly hitting $60 before paring back on Friday.
Oil climbed to its highest in nearly three months as momentum in resolving the U.S-China trade conflict and Britain’s general election result arrived to lift two clouds that have been dampening investor appetite for risk. The commodity declined from its earlier strength as the market awaits proof that Trump has signed off on phase one of the trade deal with China yet to confirm phase one is done.
The Poshtrader Hull Moving Average, period 50 along with ADX Signed is backing up the BUY Signal.
Also, the majority of technical analysis tools suggest STRONG BUY for Crude Oil WTI (USOIL) on Daily and Weekly!
Remember to hit Like and Follow
Oil climbed to its highest in nearly three months as momentum in resolving the U.S-China trade conflict and Britain’s general election result arrived to lift two clouds that have been dampening investor appetite for risk. The commodity declined from its earlier strength as the market awaits proof that Trump has signed off on phase one of the trade deal with China yet to confirm phase one is done.
The Poshtrader Hull Moving Average, period 50 along with ADX Signed is backing up the BUY Signal.
Also, the majority of technical analysis tools suggest STRONG BUY for Crude Oil WTI (USOIL) on Daily and Weekly!
Remember to hit Like and Follow
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