Making Sense of Oils Price Action

CandlesofKarma Pro+ Updated   
BLACKBULL:WTI   West Texas Intermediate Crude Oil cash
If you understand the US economy then understanding oil may not be too hard to follow. We have been seeing a lot of bullish momentum from oil after OPEC announced it was cutting its production of oil . If these fundamental events continue to align this technical clue on the chart, then oil can hit the forecast target outlined.
Comment: Strong pull back from oil. We do have some micro structure break but trend still holding.
Comment: Analysis still active


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