Deus
Short

Goodbye kiss in Oil?

TVC:USOIL   CFDs on WTI Crude Oil
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Comments

i just want to share my opinion, the price of oil will not go down further below 39 and above 41 until end of July end of the month unless vaccine will be release thru the market.
OPEC+ ease the production cut in august and start pumping the operation since demand is increasing slowly but still the US is under pandemic issue...
daily will be swing and swing only....so check the SL and use lower leverare for safe...but i dont think there will be crash in oil....everything is almost back in normal..its a transition period...
+2 Reply
Deus Marnil
@Marnil, yep, I changed my mind. Usually, I disregard fundamentals as they are quick to change when news appears. Technicals are much more reliable in this sense. And TA now tells me that we are not going down just yet. But this can change in a week.
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Hey Deus, What exactly are you referring?
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Everything is strange these days.
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Ascending Triangle, It may break resistance, the lows are higher every time.
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Deus merabtene
@merabtene, this is not a triangle this is ending diagonal
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Deus merabtene
@merabtene, ascending triangles are flat on the top
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@Deus, Looking at the 4 hours time frame.
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Deus merabtene
@merabtene, ah that one .. ya
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Deus merabtene
@merabtene, but I do not see an ascending triangle there the top is not flat
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