USOIL - Is Price Finally Hitting A Ceiling?
HI Traders. Oil has been progressively moving up since the "Negative" historical event on April 2020 (Covid-19 crisis).
As Oil is pumping near the all-time-high, observing from the way its slowly grinding upwards, i believe we could potentially see some short-term exhaustions in the market.
As rice is constantly surfing above the 18ema & 50ema on the daily chart, we'll have to see a break underneath to confirm the reversal scenario.
120 will be the specific level that i'm looking at.
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Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
As Oil is pumping near the all-time-high, observing from the way its slowly grinding upwards, i believe we could potentially see some short-term exhaustions in the market.
As rice is constantly surfing above the 18ema & 50ema on the daily chart, we'll have to see a break underneath to confirm the reversal scenario.
120 will be the specific level that i'm looking at.
If you enjoy the content, make sure you follow my profile and click the like button.
Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
