🛢️ Crude Oil - Wti Back to 70,64 🚢🔱
Don't fill your tanks (or tankers) yet because we see an unchecked level at 70,64$ that will most likely need to be checked.
High dollar, inflation worries, Oil must be 'controlled' and the battle to tame inflation. Biden knows, Europe knows, China knows.
Price is under an ascending channel and this is a highly bearish signal that triggered the correction. Price is attempting to rise but the 80$ mark is a technical and psychological resistance that will be hard to breach over.
Fill your tanks and tankers next month.
the FXPROFESSOR
High dollar, inflation worries, Oil must be 'controlled' and the battle to tame inflation. Biden knows, Europe knows, China knows.
Price is under an ascending channel and this is a highly bearish signal that triggered the correction. Price is attempting to rise but the 80$ mark is a technical and psychological resistance that will be hard to breach over.
Fill your tanks and tankers next month.
the FXPROFESSOR
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