UKOIL W5: 50% CORRECTION Strategic Outlook(NEW)(SL/TP)

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UKOIL 2W: 50% CORRECTION Strategic Outlook(NEW)(SL/TP)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.

🔸 Summary and potential trade setup
::: UKOIL 2weeks/candle chart
::: chart is LOG SCALE
::: setup still valid expecting correction
::: STRATEGIC OUTLOOK / long-term overview
::: recently rejection near premium prices
::: 115 USD/bbl was the MARKET TOP
::: market topped out for this CYCLE
::: BEARS maintain strategic control
::: 50%-65% correction in progress now
::: BEARS will target re-tests of premium prices
::: BEAR CYCLE Target 25-32 USD/bbl
::: so there's MASSIVE DOWNSIDE in here
::: Zero Covid Policy in China + new supply
::: from Venezuela - huge downside risk in the market
::: next 12-24 months limited upside as we are entering
::: global recession demand will slow down a lot
::: recommend to SHORT/HOLD
::: SWING trade setup do not expect
::: fast/miracle overnights gains here
::: good luck traders
🔸 Supply/Demand Zones
::: N/A fresh demand zone
::: N/A fresh supply zone
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BEARS / SUPER CYCLE
::: Sentiment outlook mid-term: BEARS / SUPER CYCLE

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