Bearish structure within a bearish structure.. going with bearish on this one.
Oil is interesting because Russia, which supplies 10% or the world's oil supply (per a quick google search), is no longer selling the world its petro.
Maybe demand is falling off...? Maybe Russia was cut "out" and another country was allowed "in"?
I don't know, but price looks bearish for now.
God bless.
Oil is interesting because Russia, which supplies 10% or the world's oil supply (per a quick google search), is no longer selling the world its petro.
Maybe demand is falling off...? Maybe Russia was cut "out" and another country was allowed "in"?
I don't know, but price looks bearish for now.
God bless.
