FX:USOIL Crude Oil (WTI)
I see no reasons for more declines now to be honest. Bottom is reached at around 25$ see the candle breakout of the . It's a great reversal indicator. The fundamentals is in place as well IMO for a further claim.
No we can ofcourse never be sure if the bottom is reached, but Iran was eager to get the pumps going again....but now after some time I think they as well see they're better off with at least somewhat higher prices. CME fututres point upwards as well...which I use as one of my indicators as well. We got a finished W there yeah with handles on both side...I just don't think it is a working continuation signal here anyway..would rather rely on the fundamentals with oil