USOIL: Strategic Outlook / 80% losses possible(NEW)

Why get subbed to to me on Tradingview?

-TOP author on TradingView
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-24/7 uptime so constant updates

USOIL: Strategic Outlook / 80% losses possible(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.

🔸 Summary and potential trade setup
::: USOIL daily chart review and outlook
::: massively overbought
::: expecting limited upside short-term
::: SUPER HEAVY resistance 46/48 USD /bbl
::: recovery not supported by fundumentals
::: global GDP took a massive hit recently
::: EU GDP down 10-15% QoQ and can get worth
::: New lockdowns already enforced globally
::: doesn't support high oil prices
::: expecting market to top out and turn soon
::: inverted V-shape recovery
::: 80%+ LOSSES POSSIBLE
::: speculative setup, results not guaranteed
::: good luck traders
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment mid-term: BEARS/REVERSAL
::: Sentiment outlook short-term: MILD BULLS/RANGE/MIXED