Through the use of premium and discount we can see that USOIL prices are extremely expensive . With that being said , we should expect some form of buy- side liquidity( old highs) to be swept before a bearish move to the downside to target a discounted market .
Based on technical anaylsis , premium and discount theory and the draw on liquidity .
I really see a bear market approaching on USOIL after we get a sweep above old highs
in a premium .
