Key resistance held for Oil, bouncing down again
As previously indicated, Oil was testing resistance just below $78 and that level held firm. Seems the negativity around demand and the economic slow down is winning the short term battle over tight supply. Fundamentally speaking I'm bullish into Q3 2023 for oil as people wake up to the supply and inventory issues. But for now we will have to let this correction play out. As always have fun! Do your homework, trade at your own risk.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.