USOIL Crude oil's failure to rebound above key moving averages, coupled with bearish technical signals, rising expectations of OPEC+ production increases, and weak demand all point to further downside risks for crude oil in the short term. Unless prices reclaim support above the 200-day moving average, the overall outlook remains bearish; a break below $59.74 could accelerate selling pressure.
USOIL I closed with both losses profit. Oil has been very false and disappointing. Those rumors have been widely misinterpreted over the past couple days. I was told it would rise to 61.50 or 62 by the end of the week. I'm fed up. I'm glad I got a profit from losses thanks to gold's gain
OIL_CRUDE here’s a clue for it to flip short term bullish we need a close above 61.35. As long as we keep rejecting 2H 50 ema we are heavily bearish 👍🏽