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thomasdmd

Have oil prices stabilized?

CFDs on WTI Crude Oil (TVC:USOIL)  
thomasdmd  
TVC:USOIL   CFDs on WTI Crude Oil
Trend Analysis Chart Patterns
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trendanalysis chartpattern
In 2019 oil prices oscillated between $51 to $66/barrel
Not surprisingly oil peaked a few weeks ago at $66/barrel, declined a bit and is now in a falling wedge pattern.
It's hard to predict if it will go up or down from here, but I think a safer bet will be that it stays within the pre-covid channel
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