#USOIL update
Bounced from support and reclaimed resistance.
Very good read of this asset.
Not sure why Trump says oil prices will come down ''soon''. So far it looks bullish.
I expect a move up, likely caused by geopolitical escalation, and then a potential deal before or around midterm elections (November 3rd).
That's when oil prices could start going down, but not just yet, or at least it doesn't seem so.
Bounced from support and reclaimed resistance.
Very good read of this asset.
Not sure why Trump says oil prices will come down ''soon''. So far it looks bullish.
I expect a move up, likely caused by geopolitical escalation, and then a potential deal before or around midterm elections (November 3rd).
That's when oil prices could start going down, but not just yet, or at least it doesn't seem so.