IMO, from may-june onwards, the situation will largely improve....

IMO, from may-june onwards, the situation will largely improve.

Mass vaccine rollout in US, UK and EU and significant portions of the population already had Covid.
By the end of august, we could be approaching 50-60% herd immunity and, short of a wild card mutation, the pandemic would be on it's last leg.

European summer, more sunshine hours, higher temps, drier weather, less transmissions.
Sentiment should definitely improve as well.

We might get a dip to 4.5$ or even 4$ before all that kicks in, but that should be short lived.