-TOP author on TradingView -15+ years experience in markets -Professional chart break downs -Supply/Demand Zones -TD9 counts / combo review -Key S/R levels -No junk on my charts -Frequent updates -Covering FX/crypto/US stocks -24/7 uptime so constant updates
USOIL: Strategic Outlook / 80% losses possible(NEW) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup ::: USOIL daily chart review and outlook ::: massively overbought ::: expecting limited upside short-term ::: SUPER HEAVY resistance 46/48 USD /bbl ::: recovery not supported by fundumentals ::: global GDP took a massive hit recently ::: EU GDP down 10-15% QoQ and can get worth ::: New lockdowns already enforced globally ::: doesn't support high oil prices ::: expecting market to top out and turn soon ::: inverted V-shape recovery ::: 80%+ LOSSES POSSIBLE ::: speculative setup, results not guaranteed ::: good luck traders 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9/Combo update: N/A ::: Sentiment mid-term: BEARS/REVERSAL ::: Sentiment outlook short-term: MILD BULLS/RANGE/MIXED
Do you think oil will reach $ 5 again ????
Thank you very much