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Anoinvest

Oil close to a very strong support

CFDs on WTI Crude Oil (TVC:USOIL)  
Anoinvest Updated   
TVC:USOIL   CFDs on WTI Crude Oil
Beyond Technical Analysis WTI
28
3
beyondta wti
Well it looks like that even beer is more expensive then oil right now.

Oil is reaching 1985-2000 support zone

Will it hold ?
Comment:
When the lockdown will end the demand for oil will increase rapidly ( Recreation / travel / logistic demand )
Comment:
3 white soldiers forming on 15m tf looks like there is some interest around this 35 years old support
snapshot
Comment:
Sub 1984 prices for oil
snapshot
8.8 bucks ... -53% in a single day just WOW
Comment:
Oil at 5.2 USD at the moment of writing ... looks like there is no bottom
snapshot
Comment:
well and here we are at 0.01 USD ...
snapshot
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