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Petroleum close to the D1 trend line


Petroleum

In December, I wrote about the price that Crude Oil will reach in February in „this entry” (in the entry of the Polish portal). I myself did not expect the growth to continue. Before the large uncertainty that occurred on the chart, I did not include any items. I was counting on the RGR formation, but it was not completed and the plan failed. Currently, we are in such a place that it is worth observing the price behavior because I assume that if there is a correction, it will be strong. If the resistance breaks, it could be a price attack on the pre-pandemic level. At the moment, we can see what the fight was at the local level, orders were probably collected at better and better prices.

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Biznes-Broker
Biznes-Broker

Trader, cryptocurrency and forex market analyst. Editor of investor magazines: EN: http://biznes-broker.com/ PL: http://pvq.pl/ By giving me a tip you donate it to charity. All collected funds will help children and animals in need.


Analysis of the financial markets
Analysis of the financial markets

Subjective view of the financial market. Mainly Forex, Indexes and Commodities. Analyzes based on technical analyzes. All analyzes are my view of the market. It is not recommended to make trading decisions based on the information provided. You can check my work here: EN: http://biznes-broker.com/ PL: http://pvq.pl/

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