Bulls would be taking profit today from last week's BUY order.
Drawing a fib on the daily chart, we are seeing a definite area for price to reverse, however, we are still in a Bullish trend on Oil.
We may see an opportunity for a short-term SELL for Bears to enter right around 59.73.
Once Bears take their exit for that short-term order, we can definitely expect a new BUY Zone for Bulls to enter.
Drawing a fib on the daily chart, we are seeing a definite area for price to reverse, however, we are still in a Bullish trend on Oil.
We may see an opportunity for a short-term SELL for Bears to enter right around 59.73.
Once Bears take their exit for that short-term order, we can definitely expect a new BUY Zone for Bulls to enter.
Pernyataan Penyangkalan
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.