Oil is going through long sequence of events because of the current situation.
However, this is my prediction based on Fibonacci Retracement, Volume and Elliot waves. After long run of buying activity there should be a correction over short term.
Please keep in mind price action and money management is your choice.
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.