The price of oil is looking for a way back to the headlines and is doing so using a bullish head and shoulders technical pattern in the 4 hour time frame. The price of oil is cruising at low levels in relation to global tensions, an issue that raises questions, the forecasts for 2024 spoke of levels above 80 dollars and we are far from these levels, the current reversal pattern created in a significant time frame at the levels of the daily AB=CD pattern, can allow the price of oil to make a move significant in the direction of predictions.
No comments:
Post a Comment