Oil's Potential Bear Shark

TVC:USOIL   CFDs on WTI Crude Oil
97 0
With OPEC's recent agreement to cut production, the price of oil 0.86% may be turning the page and this chart confirms it.
Will it continue is anyone's guess but when I began looking for harmonic possibilities this pattern stood out. It plays nice with supply and demand zones and works well with current cycle. Will we be looking at 100 oil 0.86% by next summer? I don't know but this chart suggests it is a possibility.

I am a private investor trading with my own money and am in no way a professional. This chart is simply a compilation of my thoughts on the subject of oil 0.86% and is in no way a trading plan. Trading is a risk rich endeavor; thus, doing one's own research and risk assesment before investing is a must.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out