WTI Oil Spot forum
Oil is "well supplied" until all tanks are at bottoms, apparently.
Going to manipulate prices down perpetually until we get hyper-inflation in oil price.
The latest Polymarket odds are at 27%
On the Hourly, a giant Inside Day pattern formed, which means a market pause with no true direction. Breakout can be from either the Inside Day's low of 72.943 or high of 75.917.
Price action looks stuck between the Ascending Wedge pattern acting as Resistance (created by the two trendlines in dotted lines) and the S&R Zone below (acting as Support). We'll see if this leads to consolidation between these two areas, then eventual breakout.
