USOIL is forming an accumulation chart
What we have here is a chart of oil prices accumulating over a period of time since the December 12, 2022 drop.
After the sideways process, the oil price had a strong fall on March 10, 2023 and bounced up. right there.
Along with the information of production cuts, the oil increase creates a strong strengthening gap, now there is a cumulative edge gap.
With the notes provided above we can see the accumulation scheme being configured.
After the sideways process, the oil price had a strong fall on March 10, 2023 and bounced up. right there.
Along with the information of production cuts, the oil increase creates a strong strengthening gap, now there is a cumulative edge gap.
With the notes provided above we can see the accumulation scheme being configured.
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.