beginning of 2023 will be bullish for oil

From the previous analysis I analyzed as oil could bottom at 75 dollar.

However it broke my resistant and stayed at 70 dollar point.

Even the oil broke my resistant line. I kept my bullish analysis because it didn't show any major bearish pattern.

I personally confirm that recent bearish move was just a fake one.

I adjusted my bullish target to 90 dollar and I will re-analyze oil again when it reaches to my target.

Double overselling term is showing and sustainable oil demand will push to higher price indeed.

Trade active

let's see the bullish first quarter of 2023 for the oil.

Note

no worries

Note

bullish and more inflation is coming

Note

90 dollar is coming almost

Note

Black gold :)

Trade closed manually

I will re-analyze oil again. chart is being mad right now.
I would rather hold my cash and wait.

Order cancelled

Trade active

bullish for oil again. trade entry under 82 and stop at 78

Note

oil shortage shows continuation. price is still bullsih.

Note

continue

Order cancelled

trading cancelled due to oil shows bearish move again.
let's take some rest and watch the chart again.

illuminating_trade

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