ON THE WEEKLY CHART,
OIL PRICE HAS TESTED/CONSOLIDATED FROM THE STRONG SUPPORT AT 58-60 AREA
WHICH IS ALSO 0.236 FIB ZONE OF 3RD WAVE
BOUNCED UP WITH HIGH VOLATILITY POTENTIALLY MEANING BULLS ARE IN CONTROL
PRICE MOMENTUM, DECREASE IN OIL PRODUCTION (OPEC+) WITH UNCHANGED DEMAND
MAY LEAD TO THE PRICE HIGHER FOR Q2-Q3
OIL PRICE HAS TESTED/CONSOLIDATED FROM THE STRONG SUPPORT AT 58-60 AREA
WHICH IS ALSO 0.236 FIB ZONE OF 3RD WAVE
BOUNCED UP WITH HIGH VOLATILITY POTENTIALLY MEANING BULLS ARE IN CONTROL
PRICE MOMENTUM, DECREASE IN OIL PRODUCTION (OPEC+) WITH UNCHANGED DEMAND
MAY LEAD TO THE PRICE HIGHER FOR Q2-Q3
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.