OPEC Agrees January 2022 Supply Hike
Less than one month ago, WTI Crude Oil was trading at about $85 per barrel, which was a multi-year high price. Over the past three weeks the price descended rapidly from that high, and today extended that trend to approach the 6-month low price at $61.76. The pace of this downwards trend accelerated a few days ago with the news...
WTI is retracing after the 3rd worst day on record.
Looking for resistance to hold below $25 for continued selling.
PIVOT INDICATOR HOLDING THE TREND SHORT
