Crude Oil’s head and shoulders’ risk (Nov. 16, 2022)

With last evening’s late rally Crude Oil avoided the daily head and shoulders formation. However, there are no convincing signs of bullishness at this stage. The weak USD did not help out CL either.

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