USCRUDEOIL - Potential Sell

Hi Traders,

Here is my view on

BIAS: SELL

Logical Analysis: From April 2020 to March 2022, oil experienced strong buyer demand, pushing price aggressively from the $7 level up to around $120.
At that point, sellers stepped in, and a temporary agreement between buyers and sellers was established around the $120 zone — a fair value at the time.

Since March 2022, price has been declining — entering a discount phase.
However, the move has not been sharp or aggressive, suggesting sellers are not in a rush.
Importantly, no significant buyer interest has been observed during this entire discounted phase.

🛒 Interpretation:
The “store” (market) offered oil at a huge premium until buyers stopped stepping in at high prices. Since then, the price has been marked down gradually, waiting for a new batch of interested buyers — who haven’t shown up yet but be aware.
Technical Analysis: see chart

Good Luck

Note

I am favoring the sell, but because the BIG Play is buy i am aware of it.
I will need to investigate the price for confirmation of the sell.

Order cancelled

tarati.lorenzo

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tarati.lorenzo