Is Oil Bearish Suddenly?
$United States Oil Fund LP(USO.US$ is bearish... $Exxon Mobil(XOM.US$ is bearish... $Chevron(CVX.US$ is bearish. How is this possible with a middle east war? Are we in such a silent recession we can't even notice a lack of oil demand?
This is the trade range I've made, there are now lower-highs in the roil range...we did see a similar move right before September 2023 though.
Curious what people think about oil going into January of 2024. Range is $83.37 - $72.51
This is the trade range I've made, there are now lower-highs in the roil range...we did see a similar move right before September 2023 though.
Curious what people think about oil going into January of 2024. Range is $83.37 - $72.51
![Is Oil Bearish Suddenly?](https://ussnsimg.moomoo.com/feed_image/71804801/dfc69786512430e2a1e8527b475d3872.png/bigmoo)
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