A month ago, I said oil price would fall back to $ 40-42 per barrel
The lowest price of this decline is $ 42.07
At the moment, I see some signs that price is rebounding
On daily chart :
-It still activates in a descending triangle
-Price touches the support lines and bounce up
-MACD signal
On H4 chart :
Price was the down channel
On monthly chart :
The lowest price of this decline is $ 42.07
At the moment, I see some signs that price is rebounding
On daily chart :
-It still activates in a descending triangle
-Price touches the support lines and bounce up
-MACD signal
On H4 chart :
Price was the down channel
On monthly chart :
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