beginning of 2023 will be bullish for oil

From the previous analysis I analyzed as oil could bottom at 75 dollar.

However it broke my resistant and stayed at 70 dollar point.

Even the oil broke my resistant line. I kept my bullish analysis because it didn't show any major bearish pattern.

I personally confirm that recent bearish move was just a fake one.

I adjusted my bullish target to 90 dollar and I will re-analyze oil again when it reaches to my target.

Double overselling term is showing and sustainable oil demand will push to higher price indeed.

Trade active:

let's see the bullish first quarter of 2023 for the oil.

Comment:

no worries

Comment:

bullish and more inflation is coming

Comment:

90 dollar is coming almost

Comment:

Black gold :)

Trade closed manually:

I will re-analyze oil again. chart is being mad right now.
I would rather hold my cash and wait.

Order cancelled

Trade active:

bullish for oil again. trade entry under 82 and stop at 78

Comment:

oil shortage shows continuation. price is still bullsih.

Comment:

continue

Order cancelled:

trading cancelled due to oil shows bearish move again.
let's take some rest and watch the chart again.