Oil prices are prepared for strong growth to the upside. NYMEX:CL1! made its bottom in May of 2023.
Three reasons for this case to be made.
Russia cutting OPEC+ production by 500,000. The original balance from OEPC+ was 450,000 barrels of surplus. No Suprise that they cut it by exactly 500,000.
U.S. Now focused on SPR replenishing as opposed to...
COMPUSDT one-day chart. I think this is a bullish engulfing pattern. So the COMP price moves upward.
This is my personal opinion.
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What u think !!!!!!