USOIL WTI double bottom? Long? 23rd of august, 2023.

Looking at the technical aspects, the current oil price is expected to go up because it has reached a point where it historically tends to change direction, known as double bottom.
This pattern resembles two low points situated closely together on a graph. As a result, there's a good chance that the oil price (WTI) might go up until it hits the next Fibonacci (FIB) level.

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