HnS Formation.
Disregarding the fundamentals, mainly the Ukraine & Russia ruff, oil is heading for a much needed correction. Unless the situation does take a u-turn and Russia decides to move ahead with their invasion, we could expect oil to touch above 100$ in a flash. For now, fundamentals are going back and forth and I for one leaning towards that Russia won't be invading Ukraine anytime soon.
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.