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DNP-FX
May 26, 2022 12:21 PM

USOIL 26th MAY 2022 

WTI CRUDE OILTVC

Description

The United States government said US crude stockpiles fell by one million barrels last week, with gasoline inventories also falling slightly. The oil and gas commodity did not budge after volatile trade as fears of tight supply offset concerns over a possible recession and China's Covid-19 restrictions. World oil prices turned negative after US Energy Secretary Jennifer Granholm said President Joe Biden had not ruled out using export restrictions to reduce soaring domestic fuel prices. This makes world oil prices tend to be sideways, this is my USOIL trading plan.
Comments
kosai19
Very nice technicals. I like 3+ touches on either side.
DNP-FX
@kosai19, Hi,, thank you very much, good luck!
KC7W
great chart, let's see if it does fall. Is too over priced!
DNP-FX
@KC7W, Thank you for your opinion, we can see technically the price is over expensive
GuillaumeRpn
great analysis
DNP-FX
@GuillaumeRpn, Thank you!
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