Resistance target hit. POSSIBLE reversal area.
Hi Folks:
Officially we have hit the reversal area. Oil is heavily influenced now by different fundamentals as inflation, tensions UKR-RUS, rate hikes, USD strength, shortages in TX and Lybia, etc...
So price has been driven by this persistent factors yet in play so be very careful with your trades. I shorted too early and decided to close at a loss to reopen later on (NOW).
STAY SAFE. Cheers
Officially we have hit the reversal area. Oil is heavily influenced now by different fundamentals as inflation, tensions UKR-RUS, rate hikes, USD strength, shortages in TX and Lybia, etc...
So price has been driven by this persistent factors yet in play so be very careful with your trades. I shorted too early and decided to close at a loss to reopen later on (NOW).
STAY SAFE. Cheers