Descending triangle formed. if oil breaks below 12 dollars, next support is at 10 if that also fails, 6 dollars could be retested then a pull back up, a retest to the 6 dollar region before making an attempt to a new high. opec cuts arent enough to meet the falling demands of oil. storage facilities filling up so fast while demand is virtually zero. economies are reopening but the pace and phase of the reopening isnt a strong optimism for a pent up demand for oil in the short term. i believe oil will still be bearish for a while. every rise is a potential sell
educational purpose Only. not an investment advice
educational purpose Only. not an investment advice
评论:
$10 Region seen. if no rejection free fall to single digits, retest 46 and even lower before a strong pull up to 12 and 13