how everybody knows, recently was OPEC meeting and exporting countries decided to increase production!
I do not trade oil, but i see figure of grouth - pushing prices up with a strong level at 43.5(6). If it is broken, the price will move to 45 and 43.5 will become support. If there is a false breakout, the minimum price will be 36 - the main support level. Given the recovery in demand and the positive associated with vaccines, I am more inclined towards growth.
I do not trade oil, but i see figure of grouth - pushing prices up with a strong level at 43.5(6). If it is broken, the price will move to 45 and 43.5 will become support. If there is a false breakout, the minimum price will be 36 - the main support level. Given the recovery in demand and the positive associated with vaccines, I am more inclined towards growth.