It all comes down to Newton’s third law “what goes up must come down”. With the pressure of the federal reserve and the U.S. government doing what they can to hedge inflation. Oil is well on its way to a downtrend the Sp oil and gas exploration index will follow suit. Rising wedge has broken likely next move is down.
Chart PatternsdeflationFundamental AnalysisoilstocksrecessionTrend AnalysisCrude Oil WTIXOP

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