THE HIDDEN PATTERNS OF CRUDE USOIL

Jun 17, 2023

According to the 4hr chart the orange tread lines shows that price is forming a bearish flag pattern. Yes. It is also showing multible cup and handle patterens on the up-trend. But doing that up-trend right now its losing buying pressure. So would this be the end of the up-trend for now? It need to hold above 71.95 to be consider as a continue bull market. But If it do not hold buying momentum, we can see a pull back to 70.34. Now if it reaches this level 70.34, I inspect for a major pull back to 69.90-68.60. USOIL