HOD (oil falling price)
hey everyone, I'm posting first time for the Canadian stock etf - ""this is inversely proportional to WTI/USoil"".... When US OIL price falls, the HOD price increase
for past few week, the price show a bullish move from 8.39 to 13.84 approx... this coming week the price is pulling back to support around 10.21 (at support trend line)... at this point if the price breaks the support then the trend will be straight and price will fall below $9. If not then price will likely go above $13... However, there is a head and shoulder that can possibly form.. Since price made higher high that why the price could high low but anything can happen
good luck
for past few week, the price show a bullish move from 8.39 to 13.84 approx... this coming week the price is pulling back to support around 10.21 (at support trend line)... at this point if the price breaks the support then the trend will be straight and price will fall below $9. If not then price will likely go above $13... However, there is a head and shoulder that can possibly form.. Since price made higher high that why the price could high low but anything can happen
good luck