This oil finally hit the target projected over 2 months ago and the main question is about the next move. Will oil continue down or reverse towards ATH?
Let’s evaluate the commodity from different angles and see how a recent major technical event on the monthly frame would impact probabilities.
This overview covers:
– long and short term forecasts;
– candles and TA on multiple frames.
This post is part of the @InvestingAngles Weekly Series that 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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