Long on OIL amid Israel-Iran confilct

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Fundamental trends:
  • Israel-Iran conflict does not seem to end soon, Israel might target iranian facilities more
  • Recent insights suggest US involvement which whould lead to oil price rising.


Technical trends:
  • Plot seems to develope an Elliot impulse wave with clear 1-3rd waves already built. This suggests the impulse wave must end with rising on 5th wave.


Conclution
Overall trends tell in favor of future oil prices rising.

What do you think about the situation? Please, leave your comments

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.