Oil momentum decreasing

21 ביולי 2021

Massive rally since May
+50% YTD
Seems to be running out of momentum. Considering to close longs on oil

3 באוג׳ 2021

הערה

Did we form a lower high?
Let's see how the price action goes from here.

20 באוג׳ 2021

הערה

first support region reached.
Instability in the middle east, notable Afghanistan.Oil price expected to become more volatile if it doesn't de escalate.
Taking partial profits here at 62.39