US Oil
Looking at price on current oil chart we can see a setup of a Diamond pattern which have included target extension and fib levels as well as strong demand areas, If the trigger occurs and oil drops may find the indexes will follow. On a fundamental aspect this may reduce inflation as oil is a key factors that drives household good, transport, groceries cost.
Lets see what happens
Lets see what happens
Trade closed: target reached
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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.
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.