Understanding Oil Right Now

Oil Markets have been slammed off highs as demand recedes.

Natural market sentiment changes give prices a whack and eventually... Well they get a little low. Remember, extreme prices just do not last. It's unsustainable and that's what causes a hit in the price. Think about it.... Can oil realistically become such an enormous price that people literally can't buy it at all or drive cars. That's what global Reg is for.

Looking at charts directly with knowledge of PA and Key Tech Aspects we know a 50% Move down is a fair spot to get long.

NOTE the return to MA's is swift and straight to previous areas of rejection and key Ma's. This is because price becomes ideal to old and new buyers alike which you can see from the formation/appearance of candles.

Long zones remain @ 67$ as we looked at previously. Market sentiment is still taking the price to the downside as seen on various asset classes we've looked at today (USD reflective). Risk averse zone is preferred but can be scalped at current levels on early entry Confirmation.

Always remember to reflect on the validity of extreme prices both when we saw 0 and when we saw the huge highs in previous economic climates. It always changes and you can easily track this via many news outlets.

Trade Small and scale at predetermined long zone.