CRUDE OIL (WTI) Weakening Market & Consolidation

18 Tem 2020

Crude oil is becoming weaker and weaker.

though many fundamentalists promised a quick return to "normal" price levels after the lockdown removal,
it looks like things are much more complicated than that.

if you are a swing trader and you are looking for an opportunity to jump in in the market,
I guess it is not the best moment.
for the entire month, we could not set a new high.

ATR drops as crazy and volatility is missing:)

let the market start moving.
let it pick the direction and then just act accordingly.

swaps are now very expensive on oil, so no need to incur these losses.