Recession to Depression,
Since 2018 WTI hasnt been able to reach "Big Triangle" and have just been in a small trading range between Trend support from 2015 and outside of the lower triangle.
Volume for oil has been declining aswell and electric industri getting massive investment from state. I broke into Low Trading range back to the 1996 and more -40 dollars.
Open again inside Big Wedge and got a real massive buy up to 2018 floor at 40 dollars area. Predictions here are down to 27.8 or even 20-10 area in Wedge. Much uncertainty still remains. Be warned.
Since 2018 WTI hasnt been able to reach "Big Triangle" and have just been in a small trading range between Trend support from 2015 and outside of the lower triangle.
Volume for oil has been declining aswell and electric industri getting massive investment from state. I broke into Low Trading range back to the 1996 and more -40 dollars.
Open again inside Big Wedge and got a real massive buy up to 2018 floor at 40 dollars area. Predictions here are down to 27.8 or even 20-10 area in Wedge. Much uncertainty still remains. Be warned.