There are 2 scenarios in oil.
Scenario 1 is the rise from this region ($72) to $100-$110.
The second scenario is an upward reaction from the $60-65 levels.
ðŸ’ĨEspecially the monthly price closing does not look very good.

As the interest rate hikes continued and global inflation remained high, the second scenario started to gain more weight.
Fundamental AnalysisTrend AnalysisWave Analysis

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