This #oil chart was shared a week ago and this is how the same chart looks today. A perfect forecast.
Following a few signals, oil is expected to fall towards $93 or 25% off the top. Depending on how it falls, it will define the next path.
Let’s evaluate the commodity from different angles and touch point on the perspectives of the quarterly closure on June 30th.
This overview discusses:
– long and short term forecasts;
– candles and TA on multiple frames.
This post is part of the Weekly Analyses series that @InvestingAngles offers to followers and subscribers. The series covers the US and global major indices; commodities and miners, bonds and volatility, crypto and currencies, and some large cap stocks.
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