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Crude Oil (WTI): When to Expect Bearish Wave???



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 trend line 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 bearish wave on oil?

What is your view?


Please, support this idea with like

Thank you!

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