May is not always a good month for crude oil. When you look at the last 40 years, there is a positive change rate of less than 50%.
However, Crude oil is moving to the support resistance point, and its performance in the last 8 election years, from the beginning of the may to the 21-22 of May during the election years, is 7 years positive and an average return of 12%.
That's why I'm very BULLISH on Crude oil, which is below last year's opening level and at a significant support-resistance flip point.
However, Crude oil is moving to the support resistance point, and its performance in the last 8 election years, from the beginning of the may to the 21-22 of May during the election years, is 7 years positive and an average return of 12%.
That's why I'm very BULLISH on Crude oil, which is below last year's opening level and at a significant support-resistance flip point.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.