We have a rising wedge on oil and all we are waiting for is clear direction. We have divergence on the daily chart and this is something to take into consideration. If we brake bellow the bottom line of the rising wedge, we could have a good entry for short. On the flipside, if it brakes above the rising wedge, we could buy with TP 48.50$.
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Seems like it doesn't want to leave the wedge, so we are waiting for confirmation on the direction!tradingview.com/chart/d9y1qOKT/
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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.