There ae two important levels here
14.74 and 14.02 the two important levels of support. We don't have a crystal ball to know when the the bottom is in but we need to wait and see how price action interacts with the levels before we buy.
Likely a bullish divergence will form as it reaches 14.74 and if you are an investor I'd be ready to DCA to 14.02 .
The wedge drawn should also serve as a guideline for us. Imo the negative sentiment towards oil is overblown and we will need oil in the coming years despite the renewable movement , so it would be wise to invest in both.
14.74 and 14.02 the two important levels of support. We don't have a crystal ball to know when the the bottom is in but we need to wait and see how price action interacts with the levels before we buy.
Likely a bullish divergence will form as it reaches 14.74 and if you are an investor I'd be ready to DCA to 14.02 .
The wedge drawn should also serve as a guideline for us. Imo the negative sentiment towards oil is overblown and we will need oil in the coming years despite the renewable movement , so it would be wise to invest in both.