Price went right at the black resistance line and pulled back strongly.
With an apparent reversal on the USD we could expect a sharp correction in OIL. For those countries who depend highly on oil imports (i.e: Europe, China, India, etc) a stronger dollar makes oil more expensive.
Should you have been following this chart and you SOLD at the top, I would suggest to hold tight the positions for a possible massive correction to 60-62 area.
Cheers
With an apparent reversal on the USD we could expect a sharp correction in OIL. For those countries who depend highly on oil imports (i.e: Europe, China, India, etc) a stronger dollar makes oil more expensive.
Should you have been following this chart and you SOLD at the top, I would suggest to hold tight the positions for a possible massive correction to 60-62 area.
Cheers
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.