purpurato59
Short

False oil recovery

FX:USOIL   CFDs on Crude Oil (WTI)
Oil             could not break the 50$ barrier and seems more headed to a downward movement. If this pattern completes, it may go soon to 40$ and below.
Fundamentals don't seem to be helping either.
Comment: Fakeout and dump. I believe that if we keep going down it will take more than a year to recover. We have just reached the support established by the 2009 bottom.

Related Ideas

EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out