$OXY - RC -
Added 2023-12-01 20:23:56 +0000 UTCThe price of Oil continues to slowly move down as the conflict in the middle east appears to be making less of an impact on the market, it doesn't take away from what is happening over there and it shouldn't be ignored either.
$OXY is a slow mover and has been in this long wedge since the middle of 2022, it can continue in this wedge for a few more months too, my impulse count remains the same but it is taking longer to materialise, I do not see another count right now.
If the price goes below the red line at $56, the current count is not valid.
