FX_Professor

πŸ›’οΈ Crude Oil - Wti Back to 70,64 πŸš’πŸ”±

Short
TVC:USOIL   CFDs on WTI Crude Oil
Don't fill your tanks (or tankers) yet because we see an unchecked level at 70,64$ that will most likely need to be checked.

High dollar, inflation worries, Oil must be 'controlled' and the battle to tame inflation . Biden knows, Europe knows, China knows.


Price is under an ascending channel and this is a highly bearish signal that triggered the correction. Price is attempting to rise but the 80$ mark is a technical and psychological resistance that will be hard to breach over.

Fill your tanks and tankers next month.

the FXPROFESSOR

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