I've noticed some similarities in the wave structure of the 2018 drop and 2020 drop.
Movements are ways more intense in 2020, but I believe there is more up before we will probably be stuck rangebound for a while.
We will probably see a top soon, and a move above 54 seems very unlikely.
Currently in a trade to take out the previous top around 40.5USD.
If you would like to get more updates on oil prices, please smash a like and follow for weekly updates.
Movements are ways more intense in 2020, but I believe there is more up before we will probably be stuck rangebound for a while.
We will probably see a top soon, and a move above 54 seems very unlikely.
Currently in a trade to take out the previous top around 40.5USD.
If you would like to get more updates on oil prices, please smash a like and follow for weekly updates.
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