USOIL making a DB (double Bottom) Long

WTI CRUDE OILTVC

Description

⋅ Feb 11, 2020 8:16 AM

USOIL is making a double bottom pattern at $49.50-$50.00 level which currently plays as support. The attitude of the Russians about the OPEC will probably give some direction.

Comments

Financexclusive

⋅ Feb 11, 2020 8:52 AM

Yes. But with the oil price so low, they will cut in their own fingers too.

kweiss

⋅ Feb 11, 2020 8:51 AM

If the Russians refuse then this could crash hard to 46 then 42