This will be interesting|Oil Mid Term Play

Lets focus on Feb.'23. Price came from a downtrend, and consolidated under its last support structure to only selloff again.

At the same time, price has been coiling for a move to the upside. This is where we go from $67 to $94 and the range is now formed.

Fast forward till today and yet again we have similar price action like we did last year around today.