Weekly #CrudeOil chart
The #commodity now has formed a descending triangle
Price now bear 200 DMA
sustaining above 93 , it may rise towards 118 as shown,
below 93, likely to drop towards 58 over the winter (economic slowdown scenario)
#OOTT #Bidenflation #inflation

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#repost
$USOIL

A quick thread 🧵

Daily TF

With the turn-around in price from the initial harmonic pattern, Consequent LH-LL's in place.
Below $101.56, We might catch sight of $87 followed by $78 https://t.co/nvzolftng6


On the Weekly TF, If the price slips and closes below $92.96, the target would be $70.
Best #RR..now in #OIL..

#CRUDE OIL

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