Long term US OIL Price Prediction
The chart pattern of the expanding descending wedge indicates a high probability of a reversal in price. In this instance we are looking at a long term bull market in oil going up very possibly to as high as 166. What world events could possibly cause this? There are too many to contemplate.
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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.