The left move is starting from demand, sees 3 compression moves and supply eaten - price moves up. Mind the curve. Price gets rejected and moves into a bearish channel
. Channel is broken on demand and we see a similar move that ends in a rejection, price moves accordingly (this would have possibly been short), then moves up and gets demanded again(perfect short). The move is forming a big fuck you (kangaroo tail) and is going down to at least the pivot
zone, but I can see it easily go to $54.
With future ending soon and ARAMCO possibly not able to artificially keep the price up, might drop
like it's hot and go SNOOOOOOOOOOOP to the '50s.