Oil either already topped (more probable) or could make one more higher high before reversing.
Today’s candle could be the first sign of topping and it requires a confirmation.
From the weekly perspective, if oil fails to close above $82.72 tomorrow, the weekly formation will be bearish.
The mid and long term projected paths and targets remain unchanged, as outlined in the weekly analysis on the weekend. Charts below – premium content (subscription required).
Read more of this content when you subscribe today.
Natural Gas Daily:
Join us on Telegram: https://t.me/InvestingAngles