US OIL- Short to $83
Oil is looking to continue to sell off, clear downtrend and stocks are looking like the better option for growth, looking for some support around $83 a barrel or so... Oil could stay with the prices as well as the large oil companies aren't going away without a fight against EV companies, like anything in the market before it goes away it will make sure it makes its last mark and money before it takes its loss. Also the thought of expensive oil because of the fact it does not have the same demand could make perfect sense moving forward into 2024 and 2025 things could get worse for the average american continuing to drive a gas car. May be forced into something different.
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