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Oil Bearish Structure - WTICOUSD
West Texas Oil
Short
Oil Bearish Structure - WTICOUSD
By ChiefMacro
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May 9, 2022
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May 9, 2022
Bearish structure within a bearish structure.. going with bearish on this one.
Oil is interesting because Russia, which supplies 10% or the world's oil supply (per a quick google search), is no longer selling the world its petro.
Maybe demand is falling off...? Maybe Russia was cut "out" and another country was allowed "in"?
I don't know, but price looks bearish for now.
God bless.
Chart Patterns
Fundamental Analysis
markets
Oil
oilforecast
oiltrader
oiltrading
Wave Analysis
WTI (Crude Oil)
ChiefMacro
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