When i posted about shorting UsOil i had seen a similar patterns on pre 2008 crisis, when Oil went from 50$ to 150$ in 18 months.
After crash in 2020, Oil has copied a similar pattern, obviously the Covid changed the rules on table, but Oil went from near 0$ to 100$, absurd.
If we calculate the Roi based from Moving average to maximum price, we could se a small difference on gain, but i think we could assume are similar for the momentum...that's why i called for a short position.
Now it is better stay away from Oil until the price comeback to normale level, and plan a new trades...even if it takes many months.
After crash in 2020, Oil has copied a similar pattern, obviously the Covid changed the rules on table, but Oil went from near 0$ to 100$, absurd.
If we calculate the Roi based from Moving average to maximum price, we could se a small difference on gain, but i think we could assume are similar for the momentum...that's why i called for a short position.
Now it is better stay away from Oil until the price comeback to normale level, and plan a new trades...even if it takes many months.
