USOIL is forming an accumulation chart
What we have here is a chart of oil prices accumulating over a period of time since the December 12, 2022 drop.
After the sideways process, the oil price had a strong fall on March 10, 2023 and bounced up. right there.
Along with the information of production cuts, the oil increase creates a strong strengthening gap, now there is a cumulative edge gap.
With the notes provided above we can see the accumulation scheme being configured.
After the sideways process, the oil price had a strong fall on March 10, 2023 and bounced up. right there.
Along with the information of production cuts, the oil increase creates a strong strengthening gap, now there is a cumulative edge gap.
With the notes provided above we can see the accumulation scheme being configured.