I think that the Oil price will go up.
That should interest you
Crude oil keeps moving higher, but with overlapping price action within expanding diagonal while the RSI shows a divergence so be aware of a slow down, but just another fourth wave before the uptrend resumes. Support on dips would be at 79- 76.20.
What does the data mean to the market?
The data indicates the number of crude oil barrels held by commercial firms in the US; this inventory is taken weekly and shows increases or decreases needed in supply, affecting the price. Therefore, a Positive number…