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WikiFX Express

The Threat Of A Summer Lull For The Euro And Stocks

Oil is bullish and continues

WikiFX

| 2021-06-09 15:46

Abstract：Oil is bullish and continues

Oil is bullish and we should see a continuation to the upside. the 78.6-88.6 zone is where we expect the price to bounce.

A bounce off the zone is supported by a trendline and the W L3 camarilla pivot. We should see an extension to the upside and possible move towards D H5 71.86. This looks like a bullish continuation move and a close above 70.50 could make a direct bounce to the TP. Buying the dips is a good option.

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The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

Oil

The Threat Of A Summer Lull For The Euro And Stocks

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