$OXY
Added 2023-11-20 15:34:01 +0000 UTCNo breakdown of the structure yet and managing to stay above the red line which was our low from Sept.
Price needs to stay above this $59 level to maintain the current impulse wave count.
We can see that support was found on the 0.887 Fib but oil prices continue to come down as the war in the middle east has had little effect on the price.
The plan remains the same here, the price needs to get above the yellow trend line to turn bullish and move higher up this Wave 3. A break above $66 and holding will do it.
