/biz/ - Business & Finance

Anonymous Fri Sep 9 14:43:46 2022 No.51349198 [View]
File: 806 KB, 3197x1890, USOILD_2022-09-09_09-37-12.png [View same] [iqdb] [saucenao] [google]

>>51347768
Alright so looking at the daily for oil it looks like we might be in a bullish falling wedge, All major indicators show a bearish trend, we are under the 200, 100, 50 and 18 day averages. RSI was briefly oversold but looks like it might be coming out. Gary savage recommends taking long positions on oil BUT having VERY TIGHT stops. He's not making big plays here, just small ones. I would agree with his sentiment.

Weekly chart in just a sec that shows a better picture.

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