Crude Oil $80 Key Level

by | Oct 1, 2022 | Resources | 3 comments

Crude Oil  Key Level

[Crude Oil finding support near $80. Will it break out of down-sloping Channel? ](https://preview.redd.it/8iazygv2wsq91.png?width=1074&format=png&auto=webp&s=f81cbb65e6f4dad8138e7611518833f8fee28293)

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Key Level for inflation, Gas Prices, Stock Market

Crude Oil $WTIC could find support at $80 / barrel.

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Price might soon break out of down-sloping channel (or pennant).

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$80 happens to be price which #PresidentBiden announced would be buying #Oil $OIL to refill the Strategic Petroleum Reserve (SPR).

“Biden Put” ?



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Crude Oil $80 Key Level


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3 Comments

  1. mnelso32

    Assuming we aren’t about to enter a major recession…

  2. tacticious

    Oil prices can crash and burn for all I care, im tired of paying 3 dollars for a loaf of bread lol

  3. BigDapRamirez

    That’s a loch Ness monster if I’ve ever seen one.

    Eyes glowing red,it was so scary..

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