For me it is almost time for 'the big short'.
The timing for posting this last week was a bit poor, because we did have big declines in USD, and we did have more more murmurs of production cuts through the news. That however, does not make me change my plan (which is mostly based on technicals)
I've also heard some other traders' ideas and seen their infographics regarding supply levels finally dropping for the first time in 5 years - which perks my ears a bit, as the reality of demand finally outpacing the global storage/supply glut and overproduction is possibly drawing to a slow end.
.. back to technicals though:
We can see that daily RSI is topping out, and I am waiting for daily MACD to make a cross to signal the top of this recent wave up, and hopefully show us another lower low.
Screenshot to follow