Oil a change in trend?
Looks like the oil is entering a new phase that could lead him to a new target of 50.80$, the 43.60$ level is the main hurdle (near market levels now). The most probable scenario after that would be that the market will range trade in a new range of 43.60$ - 50.80$.
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.