USOIL sell opportunity

Oil news was bearish in particular (11.01.2023) with a very large supply increase at the EIA. However market rallied and took out many short positioned traders. We anticipated this and remained neutral. For now, we see a possible rise into the impending CPI news to take out more liquidity before the continuation of downtrend for USOIL.
Chart PatternsCLFundamental AnalysisTrend AnalysisCrude Oil WTIWTIxti

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