World crude oil prices tended to be bearish, continuing the correction a week earlier, amid the aggressive United States central bank in raising its benchmark interest rate.
Oil prices have been rising since last year and hit a record high this year on March 8, 2022 when Russia invaded Ukraine.
The weakening of oil prices is the uncertain demand prospect from China. Although the spike in Covid-19 cases has been contained, it is still unclear how quickly Chinese businesses will be able to recover.
USOIL H1
USOIL D1 - JUNE
Oil prices have been rising since last year and hit a record high this year on March 8, 2022 when Russia invaded Ukraine.
The weakening of oil prices is the uncertain demand prospect from China. Although the spike in Covid-19 cases has been contained, it is still unclear how quickly Chinese businesses will be able to recover.
USOIL H1
USOIL D1 - JUNE
Order cancelled:
D1 Fail Retest, H1 Resistance Breakout.
