OIL Price Forecast – Bearish Outlook
Oil prices have entered a consolidation phase, showing contracted price action—a classic sign of market indecision or a build-up before the next move.
This range-bound behaviour typically precedes a breakout or breakdown.
Given recent global supply-demand dynamics and technical resistance levels, the bias leans toward a bearish continuation.
you may find more details in the chart.
Ps Support with like and comments for more analysis.
Oil prices have entered a consolidation phase, showing contracted price action—a classic sign of market indecision or a build-up before the next move.
This range-bound behaviour typically precedes a breakout or breakdown.
Given recent global supply-demand dynamics and technical resistance levels, the bias leans toward a bearish continuation.
you may find more details in the chart.
Ps Support with like and comments for more analysis.
Trade active
Price does not move more buy waiting for Bearish Trend
Note
Price catch the resistance its need to decline keep Eye on
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Join My telegram Channel
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Free Forex Signals
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t.me/+H8GlkRY1oZVkNTJk
Free Forex Signals
t.me/Jamessignals11
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.