Breaking through 4h 50DMA and three divergences on the daily (RSI) price going to test zone 77-78$.
If the crash does not come in 2024 it's good price for accumulate. Because:
1. Saudi Arabia to extend 500K barrel per day cuts until 2024
2. Saudi Arabia to cut an additional 1 million barrels per day voluntarily
3. Iraq to extend 211K barrels per day cuts until 2024
4. Russia to extend voluntary production cuts until 2024
5. OPEC agrees to new production target of 40.5 million barrels per day
Write your thoughts about this topic 👨💻
If the crash does not come in 2024 it's good price for accumulate. Because:
1. Saudi Arabia to extend 500K barrel per day cuts until 2024
2. Saudi Arabia to cut an additional 1 million barrels per day voluntarily
3. Iraq to extend 211K barrels per day cuts until 2024
4. Russia to extend voluntary production cuts until 2024
5. OPEC agrees to new production target of 40.5 million barrels per day
Write your thoughts about this topic 👨💻
Comment:
Oil jumped perfectly from the VAL of the last range. I think we can retest again!