Oil has the attention of the top calling bears, but the way I see it, it won't make it easy to call the top, like it never does. Based on the structure I'm seeing, a move higher is more likely, and I expect it soon.
Yorum
Looks to be breaking out on the 4hr chart now with an intraday H&S confirmed above key neckline.
Consensus trade is down not up, that's why up is more likely.
Yorum
4hr close on the ascending triangle confirmed + horizontal resistance broken. This is the first time all month it closed above its intra-month highs.
Yorum
Very important for me that oil holds today's lows. I have no interest in being part of the noise that could be inside the consolidation. I want this trade to work fast or I don't want to be in it. My concern with oil trading higher right now is gas futures - they don't look good to me.
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.