As we see sector rotation and interest rates rise crude continues to climb, we still have huge resistance above us that we must break.
Here are my two paths for crude futures going into next week. It will be important to watch this closely, a breakout of the upper trendline could cause historic rallies(Path A, red). However, I do believe we never retested that bottom trendline for a reason so I see path B(Blue) as our most likely option. There is a second option of path B where we fail the retest of that trendline and continue lower so keep a heads up.
Goodluck.
Here are my two paths for crude futures going into next week. It will be important to watch this closely, a breakout of the upper trendline could cause historic rallies(Path A, red). However, I do believe we never retested that bottom trendline for a reason so I see path B(Blue) as our most likely option. There is a second option of path B where we fail the retest of that trendline and continue lower so keep a heads up.
Goodluck.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.