I actually think oil will go higher.
But the risk of global recession is causing oil prices to fall.
For a bullish trend to start, we need to break the $90 level.
The price has risen sharply from the $82 levels.
In addition, there is a recovery from the bottom on the stock markets.
If the price does not fall below 2/3 of the 4H pinbar candle, it means that the support is not broken.
But the risk of global recession is causing oil prices to fall.
For a bullish trend to start, we need to break the $90 level.
The price has risen sharply from the $82 levels.
In addition, there is a recovery from the bottom on the stock markets.
If the price does not fall below 2/3 of the 4H pinbar candle, it means that the support is not broken.