Oil Sideways Trading Range.... July 2024
Oil Trade... July 2024
Even Oil is looking like it is going to continue to trade sideways, look to Low/Mid 70's to Buy and Sell at or above $85. $80 seems to be a happy medium in the trading range and we are currently at $82.81 right now...
I will be posting about this sideways trading range for subscribers, look at a couple of trading ETFs in both Canada and the US, and look at some Oil Producers trading ranges. I will also be sharing my thoughts on the price of oil based on Election results. For now, I think this trading range holds unless we get some geopolitical event to break out of the range, and then it goes higher if any disruption to supply happens.
Even Oil is looking like it is going to continue to trade sideways, look to Low/Mid 70's to Buy and Sell at or above $85. $80 seems to be a happy medium in the trading range and we are currently at $82.81 right now...
I will be posting about this sideways trading range for subscribers, look at a couple of trading ETFs in both Canada and the US, and look at some Oil Producers trading ranges. I will also be sharing my thoughts on the price of oil based on Election results. For now, I think this trading range holds unless we get some geopolitical event to break out of the range, and then it goes higher if any disruption to supply happens.
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