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Oil What Is Next?

Oil does not seem ready for a reversal and will most likely close the week with bearish odds, increasing the probability of exploring lower lows. Tune up for the weekly report tomorrow.

Below is the chart of the call on August 1st.

But it all started earlier, in June 2022, when we called the top and forecasted a big drop when everyone and their dog were looking for oil to the Moon.

This was the original call on June 4th, just a few days before it all started.

If you are interested in our Oil Overviews, you can view our Daily Analyses for free here:

The latest Weekly, posted on March 18th, where we discuss the most recent events and the probabilities for the next move:

Good luck!

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