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50$ per barrel mean 42-43 in no time

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TVC:USOIL   CFDs on WTI Crude Oil
As title says. Fourth time testing resistance usually like 99% of success.

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You could be right, but 50.67 is a huge support. From there it can rebound to $53-54. If then it goes back down to 50.67, surely we could get $45 level. But coronavirus has to keep intensifying above predictions and following an exponential distribution so as to keep the oil prices falling down towards that level. And one thing is for sure: if the cure is unexpectedly found, oil might go direcly to $58 in no time.
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