Oil starts looking to bottom again. The $ 61 area looks good support, and stochastic is positive. the RSI is not very low, but considering fundamentals like Russia and Ukraine might become the catalyst to revisit $ 80 above once again.
Strategy BUY $ 63-65 for a move towards $ 85
Stop-loss below $ 58 to be on safe side.
Strategy BUY $ 63-65 for a move towards $ 85
Stop-loss below $ 58 to be on safe side.
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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.