Weekly close above descending slope line?
已更新
As of now Oil is deciding if it is closing the week above the descending line, this means oil has to close up for the week.
Inflation has been rising lately, oil likes this very much, so my bias has shifted bullish recently for oil and other commodities.
1-Hourly Chart
Multiple rejections from the weekly open. Could be a nice entry point long.
Inflation has been rising lately, oil likes this very much, so my bias has shifted bullish recently for oil and other commodities.
1-Hourly Chart
Multiple rejections from the weekly open. Could be a nice entry point long.
交易進行
Looks like we have a winner.註釋
註釋
Still consolidating, could be another lower high.If descending pitchfork breaks, i will enter long positions.
註釋
WTI has to make a move soon.
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