Enjoyed so much watching you! I think that news about airlines closing down flights to China might affect crude oil prices due to weaker demand for their planes. If tomorrow coronavirus intensifies, we might see 50.65 level no later than Friday. Besides, today's EIA Crude Oil Stocks Change was positive 3.548 M, which means there is already weaker demand.
VasilyTrader
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@alexinve, good thoughts my friend!
agree with your fundamental breakdown
Hi Vasily, great analysis as always! Still on the short side until we approach 50 level as well. Long term I am bullish for 2020 and, looking at Elliott waves on a weekly chart, I am waiting for the start of wave 3.
VasilyTrader
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@Antonio_trader absolutely agree with your thoughts Antonio! Thank you!
Ratankiso
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Just woa man, luckily i have already anticipated the exact bearish move like u just did... Yes i also see/think aftr the move down it will go up. Meanwhile, i think it will be wise to wait for the break and maybe retest of the intra-trendline in D frame
Thank you.
VasilyTrader
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@Ratankiso good thoughts man! Let’s be patient and let the market act first) then we will just react :)
DanielLubbe
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ThANKS I follow your advice carefully Have a great trading day Well done
VasilyTrader
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@DanielLubbe thank you Daniel! Have a great trading day too!!!