Oil has been edging up, first breaking through $106, then $108. The latter has consistently been an upper bound for oil, but just yesterday it was finally able to crack this level. We broke out but topped off at $111 or so, just under our next target at $113. We are registering resistance confirmed by red triangles on the KRI. However the Kovach OBV appears very strong, and oil seems to be holding its ground above $108, which should provide support. If not, we have $106 just below, then there is a vacuum zone down to $101. There is no reason to expect that we won't hold the $100's. Another burst of momentum could take us back to $113, then relative highs at $116.
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.