WTI Oil Head & Shoulders to $29 ?
Oil has had a pretty good run the last month however it seems like a head & shoulders - right shoulder is in the making.
If the pattern breaks down, we might see a move down to a pattern projected and horisontal price support around $29.
This correction will be healthy and support another buy-in into SBAOIL.
If the pattern breaks down, we might see a move down to a pattern projected and horisontal price support around $29.
This correction will be healthy and support another buy-in into SBAOIL.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.