One possibility
This is one view - seems to line up with seasonality fundamentals and quarter close. With oil it's always uncertain what may happen with geopolitics and supply disruptions. Holding those aside, which is difficult, a seasonal demand pattern does exist with this commodity.
Annual fib pivots are shown.
Red lines show highs and lows.
Annual fib pivots are shown.
Red lines show highs and lows.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.