Long term down trend got broken on the hourly and doji reversed on the daily. Zoomed out on the monthly, id like to see oil close above $65 in the coming weeks. Aussie oil stocks are lagging oil prices.. and my bet is on OSH to go to $5 just based on oil prices alone.
Although EV is the way of the future, oil is still the most demand fuel source currently and i dont see it changing in the next 5 years.
Will be interesting to see how oil prices behave this month.
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