Signal: Buy as the current bearish leg is forming a sequence similar to the September 01 - 14 leg = Death Cross, followed by a Triangle bottom. The signal is invalidated if the Channel breaks the Lower Low trend-line.
Target: The 4H MA200.
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Nice Technicals analysis!
However to be honest you need balls to invest in oil at the moment with all the countries in lockdown. I prefer to go with strong balance sheet oil majors, like TOTAL SA (FP) - Which is also diversifying its portfolio in renewable and electricity. medium/long term, it's a 100% sure win!
RyodaBrainless
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Thank you for your excellent analysis. Crude Oil and Brent Oil almost similar and also with the ROI very good for first investment.