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optionfarmers
Mar 13, 2023 12:02 PM

Oil heavy-Crude Oil still stuck in a channel threatening lower Short

WTI CRUDE OILTVC

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price action indicates pressure to the downside.

with banks getting bailed as consequence of rates, it doesnt exactly say "booming" economy, does it.

All of these recent days are inside days. so presuming oil is bearish is just an opinion until it breaksout either way.
but it sure looks like pressure will be to the downside. Heating oil, gasoline, and nat gas all are showing weakness.

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