Oil Possible Road Map

Oil is following the short term road map we discussed last week and has good chances to reach the $75-78 area where it has to make a “decision”. Either continue up and form wave 5 or resume the ride down. So far, the odds are slightly better for the bears (purple path_.

The mid and long term targets remain the same, as discussed in the weekly report on March 25th. It can be viewed here:
https://investingangles.com/2023/03/25/oil-weekly-analysis-oil-oil-oott-commodities-2/

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