Oil selloff overdone! I recently post that I felt that the Oil futures selloff was overdone well here’s an article that’s a good read.
https://www.dailyfx.com/forex/fundamental/forecast/weekly/title/2022/06/18/Oil-Price-Forecast-Sell-Off-Looks-Overdone-Tight-Energy-Market-Supports-Rebound.html
Here’s a chart from the news article showing that we're still in an upward trend, like I said, we are only at a four week low which is still high and probably won’t be breached any lower. I'm really big on charts and technical because they don't lie. But like everything on the markets it changes minute to minute and you need to stay ontop of whats happening in the US when it comes to what moves Oil prices. JMHO (always DD)
