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ChartProphet
Feb 27, 2020 3:52 PM

OIL to hit $20 barrel this year and $11.50 by 2021-2022 

WTI CRUDE OILTVC

Description

Just a simple idea I have here for some fibonacci retracements. If I ever had an good hunch that chart would play out during a epidemic or crisis, I think this one will. We have broken critical trend supports recently.

I would hope to see a bounce around $42-$43 and another around $30.

Good luck trading, this is not financial advice.
Comments
g64389057
good chart.. where does it go from here ?
ChartProphet
@g64389057, Here is my latest chart predicting $15 would run to $20. We got to over $18, a 20% move. Perhaps that was it. I am not in an Oil position, just charting this for fun and practice.

ChartProphet
@g64389057, Its really hard to say with oil. I think we should see back down towards $5 to fill part of that gap back up. This could be the most difficult asset to predict right now, stay cautious of manipulation.
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