USOIL PUSH TO 5TH WAVE
ON THE WEEKLY CHART,
OIL PRICE HAS TESTED/CONSOLIDATED FROM THE STRONG SUPPORT AT 58-60 AREA
WHICH IS ALSO 0.236 FIB ZONE OF 3RD WAVE
BOUNCED UP WITH HIGH VOLATILITY POTENTIALLY MEANING BULLS ARE IN CONTROL
PRICE MOMENTUM, DECREASE IN OIL PRODUCTION (OPEC+) WITH UNCHANGED DEMAND
MAY LEAD TO THE PRICE HIGHER FOR Q2-Q3
OIL PRICE HAS TESTED/CONSOLIDATED FROM THE STRONG SUPPORT AT 58-60 AREA
WHICH IS ALSO 0.236 FIB ZONE OF 3RD WAVE
BOUNCED UP WITH HIGH VOLATILITY POTENTIALLY MEANING BULLS ARE IN CONTROL
PRICE MOMENTUM, DECREASE IN OIL PRODUCTION (OPEC+) WITH UNCHANGED DEMAND
MAY LEAD TO THE PRICE HIGHER FOR Q2-Q3
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