Crude oil’s attempt to break free (Jul. 28, 2022)

It is tough to deny the crude oil’s recent bear market, but exiting the price symmetrical triangle on the upside is a good start. As of this writing, the psychological $100/bbl is putting a lid on prices as both parties (longs and shorts) lack conviction.

Disclaimer > This post is solely educational. It is by no means an investment or trading recommendation. Manage your risk!