Oil now reaching the top of the D5 zone, if price not close above it (which I think it will not) then we may start selling with SL closing above it daily.
First target is D3 (73,20) by reaching there then we may have a clear wolf wave targeting 70,80
{quote} Oil now reaching the top of the D5 zone, if price not close above it (which I think it will not) then we may start selling with SL closing above it daily. First target is D3 (73,20) by reaching there then we may have a clear wolf wave targeting 70,80 {image}
Is the world facing a new energy crisis? The price of oil is rising rapidly and there is talk of an energy crisis locally in China, England, Germany and Sweden. Conversion to fossil-free products, for a rapid dismantling of nuclear power, component shortages and political reasons. The reasons are many, but the trend seems clear that energy will be in short supply in the coming decade. This in itself can erode companies' profitability and create higher consumer prices. This may be the reason why interest rates are now rising rapidly
On the positive side, instead, the crisis surrounding the Chinese housing developer Evergrande seems to be blowing past - at least for this time
Oops sorry Da just saw your target. Im away on the road and have limited time and limited view. I like your target better. I think ill be trailing until then.
