Why buying oil

Oil have to scenarios on is going up to 106 $ where it will form double bottom pattern . At 75 $ which is forming now .

How it fail ? Close 2 days below 75 $

Second scenario , going down as we have double top at 92 $ . Where it can reach 70 $


I believe upside worth more risk . Because it more logical and reflect the indicators as we are in over sold monthly

If we cross bellow 75 $ 2 days ill be seller to 70 max 63

For daily trades i believe we have a big bounce can kill the seller soon .

GOOD LUCK