Oil Forecast: Bears Continue to Dominate

From the analysis I shared last week, oil is still favoring a bearish move.

On Friday, the price rose to 86.80 and is likely to be fully bullish, but as I have explained before, Trump wants a cheaper oil price. I can’t explain why it rose, but with or without war, Trump will try to manage the price of oil under control with the minimum price currently between 67 and 70, given that in the past month the price could break that support zone.

Over the weekend, US President Donald Trump said that talks with Iran will take place on Monday, but declined to set a timeline for a deal.
However, I think the Inside Trade remains too high and the movements are also a bit strange with OIL.

Downward Target:
75.5
71

You can find more details on the chart.
Thank you and good luck! 🍀

⚠️PS: Do your own analysis and use your own strategy to join the trade.
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