Short
Bearish on Oil, many may be fooled.
My thoughts on #Oil in Q1 remain Bearish.
I think many will be fooled by the recent price action of #CL.
The local resistance appears to be breached but headwinds lay close as the HTF trendline & bearish retest of weekly range support at $85 should hammer Oil back down.
I think many will be fooled by the recent price action of #CL.
The local resistance appears to be breached but headwinds lay close as the HTF trendline & bearish retest of weekly range support at $85 should hammer Oil back down.
History doesn’t repeat itself, but it does travel in cycles.
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.
History doesn’t repeat itself, but it does travel in cycles.
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.