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Jfmzuluaga
Apr 9, 2020 4:25 PM

usoil Long

WTI CRUDE OILTVC

Description

this is my view on oil
Comments
jik_jika
I agree, really I hope we are on right way :)
Jfmzuluaga
@jik_jika, hope so too, i wont buy even when retest the uptrend line, i will buy after the double top pattern. lets see
jik_jika
@Jfmzuluaga, I bought already, and at this stage I am on -126 pps :D so really hope this to go up to 36 USD as per my idea
Jfmzuluaga
@jik_jika, you made it good, rsi was oversell and there is a big downtred previous moment, there was buy yes or yes. we are waiting for the opec meeting results. should be a positive impulse in the prices.
Jfmzuluaga
@jik_jika, looks like but the question is if the cut will be enough( time and quantity) to raise the prices, remember there is an oversupply of crude at this momment due the breakout, if they cut the production but that cut isnt enough to finish the oversupply the prices will keep falling anyway, if the world wont back to work the oil oversupply will increase.
jik_jika
jik_jika
@Jfmzuluaga, 25 - 25.5 looks very strong resist area, but let's see what will happen
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