History repeats itself...

Let's see if history repeats itself with a similar projection of the previous correction to 61ish.

Increasing oil drilling and UK fuel shortages due to lunatic logistics are the main catalysts for the oil price so far.

Many people sees UK as a bullish sentiment but if you study the real consequences of this shortages you will understand that it is a terrible bearish movement. UK won't buy any more oil because they can't distribute what they have. The panic buying has been treated as a bullish sentiment and somehow would be like that if the behavior goes on but the truth is not a peak in demand.

I see oil plummeting once duest settles and money managers think twice about their bullish bets.

Demand with higher oil prices is being compromised and some countries are already stating OPEC to open taps as pandemics are getting better.

My two cents.