Oil momentum decreasing

٢١ يوليو ٢٠٢١

Massive rally since May
+50% YTD
Seems to be running out of momentum. Considering to close longs on oil

٣ أغسطس ٢٠٢١

ملاحظة

Did we form a lower high?
Let's see how the price action goes from here.

٢٠ أغسطس ٢٠٢١

ملاحظة

first support region reached.
Instability in the middle east, notable Afghanistan.Oil price expected to become more volatile if it doesn't de escalate.
Taking partial profits here at 62.39