ChiefMacro

Oil Bearish Structure - WTICOUSD

Short
OANDA:WTICOUSD   West Texas Oil
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.

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