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Big_Mike716
Nov 29, 2022 11:33 PM

USOIL 

Crude Oil (WTI)FXCM

Description

Been charting this move since mid July 2022, we are getting close to a bottom IMO, currently
testing the bottom TL of the mega phone pattern.
Now looks like a support flipped into resistance.
Targets remain $45-$55 for a bottom and likely big bounce from there. Which is the 618% from the covid 2020 crash when prices went negative.
Comments
Wistyles
why should oil go lower?
Big_Mike716
@WinnerNzumgomer, that is explained in the chart & the comments
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