Out are $PEP (-0.3%) & $APA (+0.7%)

New in $CPRT (+0.04%) where an entry could possibly follow today.

CRV of 1.9 is just at the limit.

Pro: all EMAs below us (if we close above the 50s today)

New upward trend formed.

Cons: weak risk/reward ratio

$APA (+0.7%)

For your understanding, I have marked the trend break with arrows and the red line.

CRV of 2

Pro: Trend break very clean

Contra: 50s above us again

I would now wait for another reaction to the zone and then go in.

Detailed oil price analysis 🛢️⛽️

Oil demand

China, Europe & USA

Slowing momentum

Peak in fuel demand

Rising production capacities

Impending oversupply

OPEC+

Link: https://www.ideas-magazin.de/2024/ausgabe-270/maerkte/peak-oil-auf-der-nachfrageseite-zuerst/?utm_source=techaktien-instagram&utm_medium=influencer&utm_content=aktie&utm_campaign=ideas-magazin

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