USOIL Long - Reversal from 9-Month Supply Zone
The oil price has fallen for a straight 10 consecutive trading days.
A reversal structure has appeared as the price rebounded off from a 9-month supply zone, as well as the bottom of a 1-month falling channel.
Saudi Arabia is also going to cut its oil production by half in order to prevent the oil price from depreciating further.
A reversal structure has appeared as the price rebounded off from a 9-month supply zone, as well as the bottom of a 1-month falling channel.
Saudi Arabia is also going to cut its oil production by half in order to prevent the oil price from depreciating further.