Bearish structure within a bearish structure.. going with bearish on this one.
Oil is interesting because Russia, which supplies 10% or the world's oil supply (per a quick google search), is no longer selling the world its petro.
Maybe demand is falling off...? Maybe Russia was cut "out" and another country was allowed "in"?
I don't know, but price looks bearish for now.
God bless.
Oil is interesting because Russia, which supplies 10% or the world's oil supply (per a quick google search), is no longer selling the world its petro.
Maybe demand is falling off...? Maybe Russia was cut "out" and another country was allowed "in"?
I don't know, but price looks bearish for now.
God bless.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.