Sanctions, demand, supply, production, and china resuming live to normal before COVID temps, all those factors and the pretty clear curve that can be found on the D chart from Mid May 22' until today suggest that we can see some upward movement. Of course, many other factors that are not present today can either catalyze that movement or do a 180 turn, OPEC has done some moves that eliminate all other factors. The curve range is 15$-20$ which can be utilized on multi-day trades.
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Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.