Impulse or Correction on Crude Oil by ThinkingAntsOk
Main items we can see on the chart:
a) The price has been ranging between 40 and 35 for several weeks
b) Currently, we are observing a bearish movement
c) We have a Bullish perspective on Crude Oil with two variations
d) FIRST: The price reaches the lower line of the yellow channel, and after that, we have a bullish movement towards the next Resistance
e) SECOND: The price retest the Support zone, and after that, we have a bullish movement towards the next resistance zone
a) The price has been ranging between 40 and 35 for several weeks
b) Currently, we are observing a bearish movement
c) We have a Bullish perspective on Crude Oil with two variations
d) FIRST: The price reaches the lower line of the yellow channel, and after that, we have a bullish movement towards the next Resistance
e) SECOND: The price retest the Support zone, and after that, we have a bullish movement towards the next resistance zone