The oil price is probably facing a very sharp fall very soon.
Hi all,
This chart for the oil price (Brent Spot) speaks for itself, so there is probably no need to write much more here.
It is worth writing here that it looks very bearish for the oil price going forward now, and as this chart for Brent Spot looks here.
Everything is connected, and the stock markets have fallen sharply on fears of a recession, and the price of oil will be hit hard if it turns out to be a recession.
So, as always, it will be very exciting to follow the development going forward for both the stock exchanges worldwide, the oil price, etc.
This chart for the oil price (Brent Spot) speaks for itself, so there is probably no need to write much more here.
It is worth writing here that it looks very bearish for the oil price going forward now, and as this chart for Brent Spot looks here.
Everything is connected, and the stock markets have fallen sharply on fears of a recession, and the price of oil will be hit hard if it turns out to be a recession.
So, as always, it will be very exciting to follow the development going forward for both the stock exchanges worldwide, the oil price, etc.
You are welcome to visit StockCharts365.com and read more technical analyzes there about shares in the US, shares in the Nordics, important stock market indices, currencies, cryptocurrencies and commodities.
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