Regardless of the US hurricane, the increase in global demand and the steady rise in oil prices.
We see that technically it follows an octagonal price pattern and that the price at the level of 76.3 is a horizontal angle of 540 that may be a reason for the price to reverse and rebound down according to the chart, or to break it may be a trigger for the price to launch to higher levels.
In my personal opinion, the high demand is artificial and may not last long
We see that technically it follows an octagonal price pattern and that the price at the level of 76.3 is a horizontal angle of 540 that may be a reason for the price to reverse and rebound down according to the chart, or to break it may be a trigger for the price to launch to higher levels.
In my personal opinion, the high demand is artificial and may not last long