BLUE LINE - Last Support For Crude Oil

Is this it? Headed into the end of 2023 - are we going to see Crude Oil fall below $76 ppb as COVID & economic concerns trap the global economy into a contraction phase?

My research suggests Crude Oil will attempt to find support near $63 to $65 before attempting to bottom. From current levels, this suggests a -$30 ppb downward price trend is likely.

Two things are likely driving this trend:

Lack of global demand
Inflation/Price concerns

Has the current Flag/Pennant reached the APEX and is price attempting to break downward?

Time will tell...

Follow my research.