Potential Oil Price Movements
Oil is now headed to the $113-15 zone.
We expected retracements as deep as $92 per barrel but price reluctantly rallied. But still it's going as planned. If mitigates the target zone and falls, we might see a good downfall.
China easing lockdowns, Russia exclaiming that the peace talks is a dead end is signaling the increased demand and reduced supply. So, even fundamentals favor for price to rally.
We expected retracements as deep as $92 per barrel but price reluctantly rallied. But still it's going as planned. If mitigates the target zone and falls, we might see a good downfall.
China easing lockdowns, Russia exclaiming that the peace talks is a dead end is signaling the increased demand and reduced supply. So, even fundamentals favor for price to rally.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.