I guess we can not deny that oil returned back to its "normal prices".
I am so surprised by how quickly the market managed to recover, though lockdowns and restrictions still continue.
I guess market participants on oil are TOO optimistic. And the optimism will inevitably lead to a correction.
On a weekly, I have identified a major resistance cluster.
That structure is based on a falling and a horizontal resistance.
Most likely a pullback will be initiated from that zone. So be very careful buying and instead, look for opportunities to sell.
Can we expect a wave on oil?
What is your view?
Please, support this idea with like
Maybe learn how a futures market works.
Maybe learn how to do proper analysis outside of a candlestick chart.
Then I guess you might actually know what your talking about.