Fairly uneventful week for oil. Regression is overall still bearish and bulls definitely have to punch through 49.65-50.00 to stand any chance at a longer up move.
The top of Friday's value area is at 49.00, so if price breaks through that level early next week I might enter a long...but I'll also pay close attention to what price does around 49.65 just above. Should 48.50-48.70 break, I'll consider shorting with a first target at 47.65. Will have to watch price action around that level to determine whether to stay in the short or not.
Upside targets are at 52.75-53.30. Again, watch price action around those levels to determine whether you want to hold on to longs or not.
Overall I'm not a huge fan of that 47.65-49.65 range and we're also smack in the middle of it right now...so feels a bit too much like flipping a coin. I'd much rather wait with hopping in until price retests one of those range levels.
The top of Friday's value area is at 49.00, so if price breaks through that level early next week I might enter a long...but I'll also pay close attention to what price does around 49.65 just above. Should 48.50-48.70 break, I'll consider shorting with a first target at 47.65. Will have to watch price action around that level to determine whether to stay in the short or not.
Upside targets are at 52.75-53.30. Again, watch price action around those levels to determine whether you want to hold on to longs or not.
Overall I'm not a huge fan of that 47.65-49.65 range and we're also smack in the middle of it right now...so feels a bit too much like flipping a coin. I'd much rather wait with hopping in until price retests one of those range levels.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.