I would like to see the retest at the 41-42 level and shorting it around there. But I don't think that will happen anytime soon, maybe just before the election, in my opinion. Before that, I think it will retest the 100MA and the 0.382 and the 0.236 FIB. Also, I think it will break the support level with the push from the oil inventory on Wednesday. COVID might be a big factor in Europe for that with newly implemented lockdowns and less demand for oil. It might find support at 36.5-36.9 and then goes all the way back up to 42 until the election.
But who knows. It definitely will be interesting.
But who knows. It definitely will be interesting.