I've been bullish long term with oil for a while now. I am looking for a strong brekout to help get oil back to previous highs. This is a little bit more of a swing trade as it may require holding for a few weeks. The technical also line up with the fundamentals from a supply and demand perspective. As long as the fundamentals remain the same and they don't decide to flood the market, this trade should hold up long term.
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.