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Oil On Continuation Chart Pattern

Short
CFDs on WTI Crude Oil (TVC:USOIL)  
jessi061 Updated   
TVC:USOIL   CFDs on WTI Crude Oil
Trend Analysis Chart Patterns Beyond Technical Analysis Oil Crude Oil WTI xtiusd curdeoil continuationpatterns
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trendanalysis chartpattern beyondta oil usoil xtiusd curdeoil continuationpatterns
A rising wedge formed during a downtrend typically results in a CONTINUATION (downtrend). Price floating below daily pivot level so far indicating bearish sentiment on the oil market.
Comment:
DOE crude oil inventories 3548K versus 482K estimate
Comment:
Oil prices dipped on Monday on weaker Chinese oil demand in the wake of the coronavirus outbreak and as traders waited to see if Russia would join other producers in seeking further output cuts.
Comment:
Oil rises 3% as a fall in new coronavirus cases in China eases fuel demand concerns. loonie doing well against some currencies too.
Comment:
ChemChina shuts down 100,000 bpd oil refinery in Shandong due to virus

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