Cari
Produk
Komunitas
Pasar
Berita
Broker
Lebih lanjut
ID
Mulai
Komunitas
/
Ide-Ide
/
Is oil signalling a recession?
SPDR Select Sector Fund - Energy Select Sector
Pilihan editor
Is oil signalling a recession?
Oleh Trading-Capital
Ikuti
Ikuti
11 Sep
1
0
8
Cheer
Cheer
5
5
11 Sep
Oil has really started to free fall.
The death cross on the daily chart has occurred. this is where the 50 MA intersects with the 200 MA in a downtrend.
This often implies more downside to the medium and long term but is often a great short term long signal.
Usually when you get this signal the market makers bounce the stock or commodity a bit before taking it lower.
We are hitting a massive multi year trend line going back to 2022 that should act as some support.
XLE looks ready for 1 more down leg before a swing tradable low is in.
Energy does have a tendency to fall precipitously so understanding oil can keep falling if investors fear the worst or a recession.
Chart Patterns
CVX
Energy Commodities
Technical Indicators
Oil
recession
RIG
Trend Analysis
USO
WTI
XLE
XOM
Trading-Capital
Ikuti
Ikuti
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
.