Uncertainty by Mixed Signals Hit Traders Again
On the weekly chart of WTI, uncertainty is clear in the last candle. Buyers and sellers were both indecisive.
On the daily chart, the MACD indicator seems to be crossing and changing the phase. Oil might open lower on Monday but it is possible to see volatilities throughout the week.
The recession is nearly the strongest bearish factor holding oil prices down. The dollar index is increasing and it brings more fear to the markets.
On the daily chart, the MACD indicator seems to be crossing and changing the phase. Oil might open lower on Monday but it is possible to see volatilities throughout the week.
The recession is nearly the strongest bearish factor holding oil prices down. The dollar index is increasing and it brings more fear to the markets.
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