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Oil drop looks to worsen further before it gets better

Oil drop looks to worsen further before it gets better

The China headlines recently have been a main catalyst for the drop in oil prices, as protests and lockdowns point towards unrest and further demand destruction. The rumours of OPEC+ wanting to increase output in the past week also isn't helping, even if Saudi officials have denied that. Here's a look at the technical picture for oil:

That is quite a poor look with the double top pattern in the past month or so now... Read More

Posted: Nov 28 2022, 05:31
Author Name: forexlive
Views: 102086

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