The high price of oil was caused by Europe embargoing energy imports from Russia, rising prices were restrained by China during the Covid-19 lockdown, thereby limiting the production activities of those need energy.
So at this time oil still tends to be sideways, for future fundamental events it will be illustrated in the chart whether the price will breakout the resistance or support area.
WTI & BRENT - 26th APRIL 2022
USOIL- 11th APRIL 2022
So at this time oil still tends to be sideways, for future fundamental events it will be illustrated in the chart whether the price will breakout the resistance or support area.
WTI & BRENT - 26th APRIL 2022
USOIL- 11th APRIL 2022
