Monthly and weekly charts shows that oil price is on an uptrend.
Looking at the daily chart, it is possible to see that price is currently in consolidation.
Possible bullish bat completion at around 48.36 and 47.57 usd.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.