USOIL | Will The Price Test $70 Soon?

OIL | Will the price test $70 soon?

Despite the energy crisis that the whole world is suffering from, we can see strangely that oil is falling in value.

One of these problems is addressed to the possible economic recession that
with this comes the decrease in oil consumption in general.

However, despite that speculation, from a technical point of view
we can see that the price is moving down on the daily chart.

After each breakout of the structure, we can see that the price consolidated a lot of days before the next bearish move.

The same thing can happen again up to $70

Thanks and good luck!