WTI if price does not break 64.00, it may go north to the top of previous motive wave, namely, $94. Is Iran going to join the military escalation in the Middle East?!! 50 critical pips
USOIL What does this mean for the overall worldwide economy? Recession incoming? Are we already there? Looking at the market overall, I would think definitely incoming.
USOIL Heading to abnormal levels, this area hasn’t been broken since 2021 I have 57/50 marked up aligns with the fib The weekly making LH and LLs, smaller timeframe such as the 4hr should make a leg up soon whether it’s today or not we have to wait and see. Side note : the bull run we had was a pullback on weekly and there’s me thinking we were going to go to 80. Another tip : in the making of a leg the sudden turn around is to finish that leg which is what we’re seeing LL