I labeled out the bold resistance line so it's obvious. The resistance line is playing a significant effect on the USOIL price and looks like it will fall.
And also when you consider the geopolitical situation, higher tax rate + possible higher interest rate + less monetary spending, I will not be surprised at all to see USOIL plunges once more just like in 2020.
And also when you consider the geopolitical situation, higher tax rate + possible higher interest rate + less monetary spending, I will not be surprised at all to see USOIL plunges once more just like in 2020.