Commodities Analysis and Opinion

Crude Oil’s Scary Head and Shoulders

2023.03.17 05:34

Petros Steriotis

head & shoulder on the daily chart targets the distance equal to the $82-$72 difference. However, a rebound above the $72 neckline will invalidate this ominous bearish formation.

Crude Oil Daily Chart

Crude Oil Daily Chart

Disclaimer: This post is informational only. This post is not trading or investment advice! Financial markets are inherently risky. Manage your position size carefully and honor your risk management which only you are responsible for!

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