Retraction can be expected up to the support channel where OBO is formed in the log.
Another important factor is the significant decline in long positions in oil contracts over the past two months. According to CFTC data, long positions in futures oil contracts have experienced a decrease of about 40% since April.
My analysis is not an investment recommendation, it is my personal work
Another important factor is the significant decline in long positions in oil contracts over the past two months. According to CFTC data, long positions in futures oil contracts have experienced a decrease of about 40% since April.
My analysis is not an investment recommendation, it is my personal work
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