gellish7

gellish7

Through the use of premium and discount we can see that USOIL prices are extremely expensive . With that being said , we should expect some form of buy- side liquidity( old highs) to be swept before a bearish move to the downside to target a discounted market .

gellish7

Based on technical anaylsis , premium and discount theory and the draw on liquidity . I really see a bear market approaching on USOIL after we get a sweep above old highs in a premium .