Crude oil has formed based and will travel further north in coming days due to the following reasons
1)Base formation or consolidation for quiet few weeks 2)20 EMA & 50 EMA crossover on an hourly chart 3)Lows not broken, swing high is taken out 4)W pattern
Need to patiently hold & wait, might see bigger target
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.