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This educational website provides insight into the world of Oil and Gas Exploration and Production
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Showing posts with label
oil price long term head and shoulders chart formation
.
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Showing posts with label
oil price long term head and shoulders chart formation
.
Show all posts
Wednesday, March 27, 2024
WYI Oil Price April 2024
The oil price is range bound between $70 to $90/BO. A quick look almost illustrates a classic head and shoulders chart formation. Any close below $70 would likely result in further downward price action.
No recommendation being made here.
Good Luck
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