A bullish flag
Trump has repeatedly indicated in his speeches that oil prices could reach levels the market has never seen before. While many are positioning for lower prices, the technical structure is telling a very different story.The market may be pricing in weakness, but the chart could be signaling accumulation and a potential upside move.
Let’s see how this plays out over the coming months. The setup is interesting and the divergence between sentiment and technicals is worth watching closely.
Trump has repeatedly indicated in his speeches that oil prices could reach levels the market has never seen before. While many are positioning for lower prices, the technical structure is telling a very different story.The market may be pricing in weakness, but the chart could be signaling accumulation and a potential upside move.
Let’s see how this plays out over the coming months. The setup is interesting and the divergence between sentiment and technicals is worth watching closely.
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.
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.