Oil Back to 100$ a barrel

٢٣ أغسطس ٢٠٢٢

Oil has had some strong buying volume around 85-86$ a barrel. Starting to break out of the downward slope to create a new higher low pattern.

If Iran doesn't except the deal the price of oil will pull back above 100$ a barrel
-Russia might also cut of demand for EU
-USA is going to stop adding supply in September because their reserves are running low
-Anything about 93.00 i would be going longUSOIL