Everybody is aware that oil has been falling like crazy lately, but nobody seems to understand why it has been increasing in value rapidly last week. Many are speculating the price will hit 30$ per barrel this year. Other say it will hit 200$. I do not care for the fundamentals as long there is a trend in tact. For me the trend is still bearish on the long run and I would prefer to sell rather than buy. Some possible short positioning illustrated below:
BRENT CRUDE OIL x 100 1H CHART
BRENT CRUDE OIL x 100 15M CHART
