CRUDE OIL (WTI) Weakening Market & Consolidation
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.
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