Crude oil’s ominous formation not confirmed (Feb. 27, 2023)

CL is balancing in ominous weakness territory on the daily charts but will need to close below $70-$72 to confirm lower targets.

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 management which only you are responsible for!