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Mihai_Iacob
Nov 19, 2020 6:55 AM

WTI outlook Short

West Texas OilOANDA

Description

Although the price of Oil remains elevated, it doesn't convince me...
Rises are very well capped around 42.50-43 zone and I expect the price to tumble sooner or later.
A daily close under 41 would be the signal for bears and, considering the economic outlook, 35usd/Baril would not surprise me at all
Comments
KlejdiCuni
I have the same setup. Still bearish as well. Thanks
forexboat
Thanks for sharing! We are also expecting a downside movement:
KlejdiCuni
Great job mate! Thanks for the confirmation:)
Same setup here.
RyodaBrainless
Agree. 35/Barrel will be a good price at fundamental recovery for the global economy.
Mihai_Iacob
Fisher_Fx
great setup here. Looking for a downside move
Mihai_Iacob
@Fisher_Fx, Thank you!
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