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Next_Waves
Apr 8, 2020 6:29 PM

energy after touching the crucial levels of PRZ will revoke Long

WTI CRUDE OILTVC

Description

Most traders believe that crude oil will reverse here and they think such at every level, but after every surge in crude oil, a new low. And this is happening because of the "professional gap". We can see this "professional gap" in the four-hour chart. This gap is showing a large amount of institutional sales and this interval ranges from 41.51 to 30.23.

In my opinion, crude oil will generate authentic demand between 17 and 13.50 as we can see in the monthly chart. After that, crude oil will never return to this level and crude oil will create a bull rally to fill the professional gaps.
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