A bullish signals for the Petroleum price action!
1:-OPEP+ downgraded the petroleum production
2:-USA Strategic Petroleum Reserves are in ATL and will need a refillment
3:- The global production(discounting the European one, which is in a decline) are in growth phase what indicates a growth of consumption of energy
4:-Elliot Waves Theory indicates also an end of the correction A-B-C
2:-USA Strategic Petroleum Reserves are in ATL and will need a refillment
3:- The global production(discounting the European one, which is in a decline) are in growth phase what indicates a growth of consumption of energy
4:-Elliot Waves Theory indicates also an end of the correction A-B-C