Introduction:
In recent weeks, the global oil market has experienced significant turbulence, with oil prices plummeting due to weaker-than-expected economic data from China and mounting rumors surrounding the Federal Reserve's interest rate decisions. As traders, it is crucial to exercise caution and carefully evaluate the potential risks associated with oil...
oil on one hand is showing sighs of weakness and on the other hand is showing that there is a last leg of the wave pending if oil goes with the wave theory it can seriously ruin the stock market party it has also fallen from a rectangle pattern to the down side where it can fall towards levels of 70 but if the last leg of the wave theory is pending it may go...
Greetings traders. Today I am taking a look at the oil and its possible future moves. Generally, like other indices and commodities, overall, oil is bullish. In the channel above, we notice that price has reversed off the channel's diagonal resistance and broke below the trendline. Price gave us a nice retest which potentially confirms the reversal continuation....
Hellooo...My Dragon Friends.
I see Oil will going up.
some factor oil will going up, each from the other news is wars.
Israel (palestina) and Israel with Iran.
watch this news.
Lets See
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