Are we out of the woods for OilToday turned out to be better than the way it started, I was just looking at Oil technical and every interval under 1-Day is rated "Buy" anything from a day "Sell" is not bad considering Oil has been under pressure for a while now a few bullish days can change it. Monday's US Durable Goods Order hopefully doesn't affect Oil prices which will be watched through overseas trading which should give us some indication of what to expect for our trading day. Feb 28th China releases NBS Manufacturing PMI, Caixin Manufacturing PMI, if everything comes back bullish then March, will start out bullish. Right now Putin's cuts remain bullish for Oil after US attempts in stomping it down so will the US intervene in March with a way of showing Russia's cuts not creating a tightened Oil market, let's hope that nothing breaks this upward trend. Will March roar in like a lion or a lamb...to be continued. 2 green days in a row so let's add 5 more!
Technical Analysis of CFDs on Crude Oil (WTI) (FX:USOIL) — TradingView