Crude Oil potential Long from $41.30
My fundamental/macro view would see BoJ follow ECB into a tighter monetary policy. If that is the case come Friday 21st irrespective of a rate hike USD should sell off repeating the rate hike in December 2015.
With that expectations the crude oil chart looks as follows to me. Price is compressed inside a symmetrical triangle. There is a bullish gartley on the 4h chart with a target $41.30. That moves quickly into the C-D leg of the bearish butterfly targeting $61. A breakout of the triangle would also reinforce that target!
With that expectations the crude oil chart looks as follows to me. Price is compressed inside a symmetrical triangle. There is a bullish gartley on the 4h chart with a target $41.30. That moves quickly into the C-D leg of the bearish butterfly targeting $61. A breakout of the triangle would also reinforce that target!
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.