Oil inverted h&S completing?

9 de abr. de 2020

Oil has had a mad day and the OPEC meeting is still ongoing with expected cuts of 11.3m bpd from both Russia and Saudi. Further cuts are of 5m being targeted for those outside of OPEC. Anyway, fundamentals aside, the market is making a test of the golden 0.618 retracement level and with that, is forming the right shoulder of an inverted head and shoulder pattern. Hoping to see some bullish signs and will take a long