In light of the continued dominance of the dollar, we expect a gradual decrease in oil prices in addition to the abundance of Russian supply, and according to technical analysis, the price stands at an important resistance in the areas of $70 + RSI "Divregence" + MA200. You can strengthen your trade if the price returns to the entry point.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.