Hi guys! 👋🏻
🔔 Saudi Arabia refused to increase oil production requested by President Biden. However the strong US Dollar and uncertainties in Chinese economy hold Crude oil prices from a stronger hike. Market will be watching the relaunch of Nord Stream 1 this Thursday which will have a massive impact on DXY, energy sector commodities.
🔔 As for the technical analysis, implementing the Elliott Wave theory, we might consider that oil is on its way to display newer highs.
🔔 See charts below
🔔 Fibonacci 0.618 level of last weeks correction
✊🏻 Good luck with your trades! ✊🏻
If you like the idea hit the 👍🏻 button, follow me for more ideas.
🔔 Saudi Arabia refused to increase oil production requested by President Biden. However the strong US Dollar and uncertainties in Chinese economy hold Crude oil prices from a stronger hike. Market will be watching the relaunch of Nord Stream 1 this Thursday which will have a massive impact on DXY, energy sector commodities.
🔔 As for the technical analysis, implementing the Elliott Wave theory, we might consider that oil is on its way to display newer highs.
🔔 See charts below
🔔 Fibonacci 0.618 level of last weeks correction
✊🏻 Good luck with your trades! ✊🏻
If you like the idea hit the 👍🏻 button, follow me for more ideas.
Nothing is true, everything is permitted.
_________________________________
🤖 Use my link to trade on BingX - bingx.com/partner/Aziz
_________________________________
🤖 Use my link to trade on BingX - bingx.com/partner/Aziz
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
Nothing is true, everything is permitted.
_________________________________
🤖 Use my link to trade on BingX - bingx.com/partner/Aziz
_________________________________
🤖 Use my link to trade on BingX - bingx.com/partner/Aziz
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。