VIP_Trading_Technologies

Bearish sentiment in the OIL markets

TVC:USOIL   CFDs on WTI Crude Oil
Today we got a lower low and finally trading below the support at 65. Everything points to a bear continuation to low 63, followed by 61ish by the end of the week or next Monday if the rig count in Canada and USA keeps adding dozens every week (output increase).

My target remains unchanged: 61.
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