CRUDE BREAK PREV LOW!! WHAT'S NEXT?? SHORT. TP LEVEL 20

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LATEST UPDATE ON CRUDE :

Since crude broke below previous low of 27.31 level, the likelihood of going lower increased. (SHORT)

SP500 rebounded yesterday after Trump proposed a stimulus package to tackle the Covid-19 outbreak, crude DID NOT follow. Sign of weakness. (SHORT)

Saudi Arabia-Russia oil price war (SHORT) :
👉https://oilprice.com/Energy/Oil-Prices/Saudi-Aramco-Is-Very-Comfortable-With-30-Oil.html
👉https://www.ft.com/content/88fa4174-6499-11ea-a6cd-df28cc3c6a68


** We will short around level 28.00-30.00. CL 32.00. TP near level 20.00. RR >3 **

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Comment:

Trade closed: target reached:

US crude go as low as 20.04!! Follow us for more insights !!

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Trade closed: target reached