CRUDE OIL TO HIT $160?ðģ (UPDATE)
TVC:USOIL
āļŠāļąāļāļāļēāļāļēāļĢāļāļ·āđāļāļāļēāļĒāļŠāđāļ§āļāļāđāļēāļāļāđāļģāļĄāļąāļāļāļīāļ WTI
Both the Dollar & Oil are moving in a negative correlation with each other, which fits with our long term bias for both marketsðĶū The Dollar is weakening & pushing institutional investments into commodities such as Oil.
Oil flew up 30% from its low, currently retracing down but still up 18%. Use this chance to DCA average into buy positions if you haven't already. I posted the original analysis back in February, which you can find attached below.
Drop a like/follow if you agree or let me know what you thinkâ
Oil flew up 30% from its low, currently retracing down but still up 18%. Use this chance to DCA average into buy positions if you haven't already. I posted the original analysis back in February, which you can find attached below.
Drop a like/follow if you agree or let me know what you thinkâ
āļāļēāļĢāļāļ·āđāļāļāļēāļĒāļĒāļąāļāļāļāļāļģāđāļāļīāļāļāļĒāļđāđ:
Crude Oil ONCE AGAIN rejected the support zone & buyers strongly came in to defend the price. We're currently seeing an inducement phase where the market is currently trying to trap as many new sellers as it can, use them as liquidity, before flying up!
