About to take off later this weekwe have great volume today over 6.5M. I know the price is not moving much. But from what I can see, this is totally normal, the price has jumped from 18 cents to 39 cents within 1 week, definitely we need a stronger foundation at this price (also, if the price is not moving for days, it allures shorts to sell and take profits). Soon as shorts all sold. ATH will take off, next stop is around 65 - 75 cents IMO. Guess what will happen after, shorts will come back again to buy more till the price reach to 0.85 - 1.00.
The price may remain like this for couple of more days, patience is the key. Just keep it in mind, WTI is around $58, we only see uptrend for whole oil sectors.