USOIL
USOIL is respecting its downtrend channel with a reason that OPEC+ (Organization of the Petroleum Exporting Countries and allies) is considering phasing out production cuts by the end of 2025. This increased supply could put downward pressure on prices, and also a potential global economic slowdown could dampen demand for oil, leading to lower prices, lets monitor.
Trade closed: stop reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.