USOIL analysis on monthly

there alot of fibo and pattern in USOIL
I will post fibo later
for now looks like pattern still bearish until year 2026 or at least until 40 support retest

quite funny how
Biden want Oil above 75$ resistance 105$ and
Trump want oil under 75$ support 34$

Note

1. bullish fibo like 1,5 alot, if spike will hit 200% fibo

Note

2. another bullish fibo 1,5

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3. another bullish fibo hit 1.5 and 2

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4. another bullish fibo hit 1.5

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so in speculation we could see bullish fibo hit 1.5 and 2 later after retest 33$ support

Note

1. bearish fibo 1.5 and 2.2

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bearish fibo 1.5 and 2.2

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bearish fibo 1.5 and 2.2

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Self opinion
1. With current geopilitic doubt oil can spike drop again to 2.2 fibo
So maybe the 1.5 fibo could become a strong support (48$)

2. Must see what happen to bullish fibo if 48$ really strong support but thats for later
Speculationg now not good

Note

47.9 = failed bearish trend
carefull

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Still inside triangle

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still inside triangle, looks like Trump 52% vs Kamala 40%

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salvanost

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