If you've followed me for an period of time you'll know I've been bullish on oil since it hit $25 a barrel. With the US exporting oil now, and OPEC limiting supply I am anticipating oil to rise long term to around the $80 level. In this instance we are lined up with technicals as well as our kumo twist completes to a bullish cloud. This will be a long temr swing for me as I target previous highs.
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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.