It seem like it’s time for Oil to retrace a bit. Today’s OPEC meeting can bring out news of increasing production of oil or something that would increase supply, which won’t be a very positive for the price.
Also, looking at the Haiken Ashi analysis, it also looks like the Daily candle wants to turn red. We are also sitting next to the 200MA, which wants to become resistance. Let’s see how this day will end.
As always, keep an eye on the price action!
Also, looking at the Haiken Ashi analysis, it also looks like the Daily candle wants to turn red. We are also sitting next to the 200MA, which wants to become resistance. Let’s see how this day will end.
As always, keep an eye on the price action!