riversnew577

Weekly and 15 min Ending Diagonal on OIl

Long
TVC:USOIL   CFDs on WTI Crude Oil
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nice analysis but you have to look at the macro perspective. Why should the price go up when there is no demand? Did you read the Bloomberg article that within 1-2 months that the big oil companies will struggle to deposit their oil because there is too much supply and less demand? One guy, namely Peter Brandt, also expects that the price will further decline. After breaking the 20,76 level, we will see soon 17ish.
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riversnew577 Aslan_Trade
@Aslan_Trade, Perhaps? I believe that global economy is going to rebound and so will oil demand.
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