80.45 reversal?
We are not far from a possible reversal taking into account that current short squeeze was driven by UK fuel shortage due to logistics issue not due to high demand or lack of fuel in the storages.
80.45 to 81.83 are the possible reversal areas. Above that could backfire OPEC's strategy with weaker demand.
80.45 to 81.83 are the possible reversal areas. Above that could backfire OPEC's strategy with weaker demand.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.