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I don't focus much on commodities, I just look at the gold price from time to time.

I follow, but more so casually, I don't have any oil companies or companies that are heavily influenced by commodity prices.

It doesn't matter, we're on the same page.

I'm watching it, too. I try the trade on it sometimes and learn. In the past just on oil so far I have been profitable in the trader, I don't know why. 😂 As you say, nice chart that goes sideways. So far it's holding and support hasn't been broken although I thought it would be at one point. I tend to wait for areas around that support and then go long when I see it bounce. I take tiny scalps. US oil inventories are supposedly good, anyway I'm also curious to see more news from OPEC. I do think it could go up to resistance for a while now so it's still spanking. For the trade, but I'm a beginner, I think this is a good one if there's a range in which to hold it and then you can follow the cycle.

Yeah, it's a nice place to be. You picked a good chart👍It's a very volatile commodity though and sometimes news is very pivotal to subsequent developments.

I agree, thank you. So far I'm really only going short scalps, but I'm looking forward to making a profit even in the tens of $. There's a lot of volatility here, certainly OPEC is a major one.

Never 🤷‍♂️

I've been following it too, but to be honest, just out of curiosity. I'm hesitant to see if there's a no-brainer opportunity... ETF or something similar?

You can buy at the bottom and sell at the top. That's how it works in a side trend.

And in what case could a breakout take place?

Yeah, I'm watching. It's affecting the macro, and by and large the companies I have in my portfolio

Great. So how do you see it now? Does the next OPEC decision matter?