Oil has been in a very strong bullish trend since the start of the war between Russia and Ukraine.
Price first gave a pennant continuation which didn't play out as well as thought.
The market has now given us a double bottom which can commonly represent a bullish continuation, and in this contact it does.
We also have the confluence of the falling wedge. We should look to long and have our Targets at the prices marked in red.
Price first gave a pennant continuation which didn't play out as well as thought.
The market has now given us a double bottom which can commonly represent a bullish continuation, and in this contact it does.
We also have the confluence of the falling wedge. We should look to long and have our Targets at the prices marked in red.
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.