OIL Is Supported By a Bullish Volume ...a Bit Strange...

OIL Is Supported By a Bullish Volume ...a Bit Strange...

Despite the problems of the war in the Middle East, which the world has been facing for the past few months, it was seen that the price of oil fell to 67 in December 2023.

It is strange because the war this time was close to the biggest oil countries. However, OIL was still testing very low-price zones.

When OPEC wanted to raise the price of oil in September it was normal and in a real war problem, the price was cheaper.

The pattern is showing an upward movement, however, we should be wary of OPEC speculation.

You may find more details on the chart.
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