Oil Poised for Further Decline in December 2024
Oil Poised for Further Decline in December 2024
On December 13, 2024, oil reached a new peak for the month, but since then, it has been on a downward trend.
Given the ongoing geopolitical instability, oil prices are experiencing a bearish wave with many fluctuations.
While trading in this manner is riskier, oil continues to make lower lows, suggesting a potential decline to the 70-71 range soon.
You can find more details in the chart!
Thank you!
On December 13, 2024, oil reached a new peak for the month, but since then, it has been on a downward trend.
Given the ongoing geopolitical instability, oil prices are experiencing a bearish wave with many fluctuations.
While trading in this manner is riskier, oil continues to make lower lows, suggesting a potential decline to the 70-71 range soon.
You can find more details in the chart!
Thank you!
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