Нефть марки WTI

OPEC meeting, breakout of triangle

290
Market has been narrowing awaiting the OPEC meeting. Trading volume has declined going into tighter trading ranges (red triangle). This is a great example for a symmetric triangle. Breakout direction to be determined.

Also, the greater picture shows a slowing uptrend leading into a very long term triangle. Patience is required.

My bias would be leading to the downside breakout following the OPEC meeting, but I will wait and see.

Either way once braking out I am looking into getting into some short put or call spreads depending on direction

Отказ от ответственности

Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.