Crude Oil: The comforting truth (Aug. 24, 2022)

As Crude Oil has to climb up a hill of recent resistance levels in order to re-initiate a bull market, energy consumers can feel a bit more comfortable for the time being. This could start changing in case a double bottom is confirmed, which requires prices over $95-$96.bbl.

Disclaimer> This post is informational only. It is not trading or investment advice! Financial markets are inherently risky. Manage your position size and honor your risk decisions that solely you are responsible for!