OIL MAY 2024 WEEK 2 OUTLOOK -

May 6

Daily - this is tricky. oil has fallen considerably since it's considerable run up which started in Feb. this seems like a healthy pullback though. as long as it holds above **82.98**, we can perhaps look to go long next week. NOT THIS WEEK
Origin - Bearish, in need of pullback. range to look out for is **83.18 - 85.47**. we'll be looking for price to reject this level as it moves up. but we have key zones above and below so we need one side clear in order to get involved. not going to participate in oil this week.