higherhigh_

If it breaks or if it not.

NYSE:VLO   Valero Energy Corporation
Just an observation and not a recommendation.
On weekly the price is approaching to MA200 and strong downtrend resistance. There are many "if" but if it breaks, if global demand of energy increase, if treasurers, if inflation, if whole market, than possible 'long" based on measured move. If not than possible reveres and "short" based on measured move.
RSI on daily is overbought, on weekly it's approaching the reversal level like in november 2019, but if it breakout there is some space to go up and retest broken level.
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。