Oil is down around 20% since our short recommendation at the end of May. We're now back around the 200 day moving average, where we expect consolidation and a base to form.
It could sit here for some time, trading slightly up and down on newsflow. But the 200 day moving average as the global economy works through the supply shock for the remainder of the year.
The forecasts provided herein are intended for informational purposes only and should not be construed as guarantees of future performance. This is an example only to enhance a consumer's understanding of the strategy being described above and is not to be taken as Blueberry Markets providing personal advice.
It could sit here for some time, trading slightly up and down on newsflow. But the 200 day moving average as the global economy works through the supply shock for the remainder of the year.
The forecasts provided herein are intended for informational purposes only and should not be construed as guarantees of future performance. This is an example only to enhance a consumer's understanding of the strategy being described above and is not to be taken as Blueberry Markets providing personal advice.
The Blueberry Team
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.