ROYAL_OAK_INC

OIL in limbo, can go either way, waiting

NYMEX_DL:CL1!   Light Crude Oil Futures
We've called oil pretty decently before but a lil tough at the moment

Daily
#OIL has been in a bad downtrend.
Currently it is forming a symmetrical triangle.

Weekly
Oil is trading below its moving avgs.
Volume is lessening.

This is a hard commodity to call at times.
Anything can happen, war, cuts, etc...

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.