Prices only go up is back I suppose...
OPEC members clearly love high oil prices and the revenue they get from it... don't expect lower oil prices soon.
Prices have cooled down a little bit, but Gazprom halted Nord Stream 1 "indefinitely". Dmitry Medvedev said prices could go up to 5k for 1000 M3 of gas this winter, while Gasprom is announcing 4k.
If we break 3900$ most probably we are sliding slowly towards 2800$. Considering FED hawkishness, China's real estate problems, and inflation this is the most probable outcome.
Major resistance towards the bottom-200MA, 3400$ and 3600$ zones.
MACD also implies downtrend continuation, and RSI is still not oversold...
Good luck Traders.
BTC 4hrs structure development, I am targeting 13K at the end. Stock market meltdown will pull BTC (According to me) to its 2018-2019 levels (10K-16K roughly speaking) +/- 10%
Happy hunting boys and girls
