Hello everyone. Crude oil has been really volatile since Feb mainly due to the supply issues.
Price has been retreated from the high created on March 7th by almost 30%. It formed a triangle shape with solid demand zone(92-94.81) being tested twice.
From the daily chart, we can see crude oil is at the crossroad. One possible scenario is the sideway move between the range of $92-$105.
What do you think? Feel free to share your thoughts below.
Price has been retreated from the high created on March 7th by almost 30%. It formed a triangle shape with solid demand zone(92-94.81) being tested twice.
From the daily chart, we can see crude oil is at the crossroad. One possible scenario is the sideway move between the range of $92-$105.
What do you think? Feel free to share your thoughts below.
Nota
Triangle has been violated 
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plan your trade and trade your plan
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.