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OIL ANALYSIS :
1 FIRST President Biden wants Americans to dramatically scale back their use of gasoline. He also wants that fuel to be cheaper
2 in technical analysis we have on the chart down trend
3 and we have on the chart BEARISH BAT harmonic pattern SO oil will down
4 have on the chart THE GOLDEN POINT = 3 resistance = 1 harmonic resistance 2 pitch fork resistance 3 horizontal resistance
5 ALSO have a OVER BOUGHT on RSI indicator it is mean oil will down
FINALLY all this reasons will make oil DOWN
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals
Please support my work by clicking the LIKE button(If you liked).Thank you!
OIL ANALYSIS :
1 FIRST President Biden wants Americans to dramatically scale back their use of gasoline. He also wants that fuel to be cheaper
2 in technical analysis we have on the chart down trend
3 and we have on the chart BEARISH BAT harmonic pattern SO oil will down
4 have on the chart THE GOLDEN POINT = 3 resistance = 1 harmonic resistance 2 pitch fork resistance 3 horizontal resistance
5 ALSO have a OVER BOUGHT on RSI indicator it is mean oil will down
FINALLY all this reasons will make oil DOWN
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals