OIL Price Action Suggests Bear Weakness

The zigzagging nature of the OIL's price action suggests
that the bears are finding it difficult to keep OIL down.
Though we haven't enough evidence that OIL is a buy yet,
I suspect that OIL will be bought up at some point soon.

Comment:

Ok so the bounce did not play out like I thought. And of course there was no
positive divergence and only price action and oscillators, though it went up
enough to move stops, I just took the 1% loss. That is ok. My many other trades including BTC and Nasdaq make up for this loss. Now that the commodities have moved in to bearish territory, I believe that we will move into a deflationary period wholeheartedly. This is not good for anybody except competent traders. They are the ONLY ones that can even thrive in a bear market.